IDBI Bank breakout resistance for Long Term targetBuy at 98-102
T1- 131, T2- 183, T3- 201 and T4- 252.
SL- 61
Safe traders exit 60% of the investment at T2 and continue till T3. Only risky traders can go for T4 if price gives a good breakout at 201. And exit of price reverses from T3 with a candlestick pattern.
Note: This is only for educational purpose and not a recommendation.
Idbibank
IDBI BANKIDBI BAnk CMP 92.5 trying to BO abv 93 for last 6 months, if crosses then next technical tgt is 110 and 135. The bank is showing a good growth and profits. Please do ur own analysis before investing.
If fails to BO then price may again fall to 80-82 levels that will be again better place to add.
IDBI BANK - Good long term investment?Price observation & overview:
1. Price is in HH-HL formation.
2. Currently near the highs of the channel, once it retraces down we can plan for a fresh entry near the support area.
3. Momentum is clearly lacking.
4. Underperformance is likely to continue unless it breaks above 130 and sustains.
5. Earnings are great.
6. Volumes are good too.
Weekly tf view:
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
IDBI - Ichimoku BreakoutTradingview :
📈 Stock Name - IDBI Bank Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 81.
🚨 Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
#CloudTrading
#IchimokuCloud
#IchimokuFollowers
#Ichimokuexpert
Excited about this analysis? Share your thoughts in the comments below!
👍 Like, Share, and Subscribe for daily market insights! 🚀
#StockAnalysis #MarketWatch #TradingEducation #ichimoku
Some of Small Cap 100 stocks to keep eyes 👀 on for next week NSE:PVR
1) TV18 Broadcast
For up side move breakout of 38.50 is needed otherwise downtrend will continue.
2) IDBI BANK
This is for a bit mid to long term positional trade if it gives sustainable breakout of this box.
It is making RSI bullish divergence on 1hr TF.
3) DELTA Corp
It is trading in Triangle pattern in 15min TF. Breakout on either side will give move in that direction.
4) IEX
On 1D TF, Friday candle gave closing in the resistance Channel. Once it come back above 180 level then we can see one pull back to go up side. but if it fail then the downtrend will continue.
5) First Source Solution
It has to sustain above 100.50 to give one up spike 102 - 102.50 is a flip level. It will face resistance from it if it trades below it and it will become support if it trades above it.
6) Birla Soft
364-365 is a immediate breakout level. If it sustain above it then we can see up move in it.
7) GNFC
590-592 range is flip zone.
If it sustain above it then we can see up trend. Below this range it is in bearish sentiment. Above next resistance is at 600 level.
8) Chambal Fertilizer
280 level range is major support level. We might see good bounce from here. also if it fails to hold 280 then we can also see good selling in it.
9) Balrampur Chini
378 is immediate hurdle to take out.
Above this it has to sustain to test 390-395 levels. 365 is immediate support. Breakdown of this support will lead to down fall.
10) SPARC
It has to sustain above 205 level range to go bullish.
Below 200 level it will be bearish.
11) CANFIN HOMES
438-440 is breakout level
430-431 is support level at this moment.
Breakdown of 430 will invite selling and if it takes support from 430 range then buying will come which can lead to test 438-440 level and breakout of this 440 level will lead it to test 445-448-450 levels.
12) PVR
1850-1860 is immediate resistance range.
If it manage to sustain above it then we can see the up move will continues and if it face resistance from it then it may go to test 1800 levels.
1660-1680 range is major support range.
13) Radico Khaitan
Above 840-841 it will be bullish. It has been trading in range since long time.
Keep this on radar it can be also a good positional trade.
This view are personal.
All the best for your next trading week.
Feel free to share your suggestions/doubts if any.
IDBI Bank Huge accumulation and breakout IDBI Bank has huge volume . . . it has been accumulated well enough
Recent breakout on daily time frame.
Once can purchase it for 2X target in 5-6 month frame if the trendline is broken in near future.
Near time resistance is at 67.5, if broken one can see it going towards 100
Disclaimer: This is an educational chart setup and not any kind of recommendation Pls invest as per your analysis and risk-reward.
Institutions are building up their positions in IDBI bankIDBI bank is gearing up for the large moves in coming few weeks. There was a large accumulation for about 2 years and gave a break out with good volume on 28 sep 2021. We can also see that prices are making higher highs and volume is 2 times more when compared with the volume from April 2021 to Sept 2021 that clearly depicts, we are in Trending zone. At present it is a good opportunity to enter trade with good RR ratio (1:2).
Long term trade:- target Rs. 70 to 80 with Stop loss of Rs. 42
Short term trade :- target Rs.65 with stop loss of Rs.50
IDBI : On The Marks for a big runupOne 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 thereupon. Now if it strides further in the same momentum there happen to be two entry points ,
The first one around 49 ( which is a last year swing high and is only for highly aggressive community ) and the second one, which is also Fibonacci target 55.30 ( moderates may enter here )
Both entry points need to be shielded with a strict SL to be placed at 47.85
Milestones on this journey might be 62.70, 75.55, 91.75, 117 .... and so on (these are numeral representations on the Fib chart)
Do let me know how you find this ( and go for your own analytics and your studies before you commit yourself for any positions )
IDBI BANK LTDIDBI 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 previously act as support now acting as resistance, it has acted previously and even this time too.
However gradually it would be taken out as the bullish Wolfe wave is active now. So for that we need to BUY, the And buying exercise and reason has been explained in point 2.
2.The Buy can be done from CMP till 43 level. And that is because the black circles which previously used to act as resistance will surely act as support, so hypothetically this should be the accumulation zone. There should be expected target and resistances when one takes a long position , the same is explained in point 3.
3.The short to mid term target stand to be at 62.35 levels. And that is because the red circles which previously used to act as resistance will surely act as small resistance, and we should keep that as our first destination. The next resistance would be of-course the upper black trendline as it is a multi year resistance . The stock will blast towards 85 after that. But believe me it will break the trendline with huge difficulty.
There are some disinvest hope that can trigger this whole exercise.But personally I don't find this stock very interesting.
Target 1 (16%) achieved in IDBI Bank. Target 2 is ON..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 your financial advisor before taking any trade.