This is follow-up on IDBI Bank. Can check link to related ideas.
Target 1 achieved. More than 16%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult...
Stop Loss:- 46
Duration:- 7 to 8 Weeks
The stock has already break the resistance line and showing a bullish candle, which is a upside breakout and indication of upside move. It is also similar type of ascending triangle pattern. So we can buy this at market order. Use proper stop loss and maintain discipline...
IDBI has retested the breakout level of INR 45.
The rationale for buy
- Volume expansion @ breakout, Pullback with fall in volume.
- Pattern: Reverse Head and Shoulder
- The bank has made an annual net profit for the first time in FY2020 since FY2016.
The stock is expected to rally to the 60-63 level.
This is my opinion and not a recommendation. This is only...
IDBI BANK LTD is in Bullish Wolfe Wave pattern formed over years(Wave countings has been marked). The chart is bit difficult for a newbie to observe.Let me brief you in key points.
Very recently it has got activated again and broked the 135 TL. But the good thing about this time is, it has sustained above the 135 TL for 2 weeks.
1.The blue circles that used to...
One great swing opportunity seems to be building on the charts of IDBI bank. On the weekly time frame this script has broken out from below a twenty year old descending trend-line and a double bottom as well and that too with volumes that are nearing life time high numbers. After breaking out it has again revisited the erstwhile resistance and taken a support...
Today i have made a post on IDBI hourly
I hope you find this post helpful and informative👍
The targets and stoploss would be given in the charts or they would be according to pivot points
I am not a SEBI registered financial advisor
Please consider your consultant's advise a must , all the setups posted here will be...
One of the first few banks to be selected for disinvestment by the government would be IDBI Bank. It has really great financials with a promising future. Some really great companies are definitely coming forward to bid for IDBI. Above 45, a breakout is expected with targets 60/90/120/150.
Idbi bank is forming cup and handle pattern on daily TF, all Oscillators are positive, closing and sustaining above 39 can lead to a massive rally. Buy @CMP for a target of 65(70% gain), SL:34, Horizon: 8W.
IDBI is all set to touch rs 80 levels in one month time frame. IDBI was at around Rs 82 levels when PCA was taken against it by RBI with RBI now putting it out of PCA frame work. Its all set to give out big gains to the investors.
Lets look at its financial conditions, which has shown significant improvement over the last one year period.
1. Life Insurance...
NSE:IDBI Levels already mentioned..
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