GOOD RR setup in IDBI stockafter a long range inside run done good breakout now expecting a reversal or retest of breakout area. always trade with confluence and control risk
Idbibank
IDBI BANK LTD
Target:- 84
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 throughout the trading period and use trailing stop below all the wave step by step.
IDBI BANK CAN GIVE 45% IN SHORT-TERM Buy IDBI bank at 44-40 levels, targets: 56,66, horizon:56-70 days !!!
IDBI hourly chart setupHello Traders👋
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
Thank You
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I am not a SEBI registered financial advisor
Please consider your consultant's advise a must , all the setups posted here will be considered as informative and helpful post
I shall not be responsible for your profits and losses
IDBI: A GREAT BUY BEFORE DISINVESTMENT!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 going to turn MultibaggerIDBI 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 Corporation -owned IDBI Bank reported a standalone net profit of Rs 378 crore for December quarter 2020-21 on the back of healthy growth in interest income. The lender had reported a standalone net loss of Rs 5,763 crore in the year-ago quarter.
2. On a consolidated basis, its profit after tax (PAT) stood at Rs 393.15 crore, compared to a loss of Rs 5,728.70 crore last year.
3. Net interest income (NII) grew 18 percent to Rs 1,810 crore as against Rs 1,532 crore in the same quarter of the previous fiscal. Its net interest margin (NIM) improved by 60 basis points to 2.87 percent as compared to 2.27 percent in the year-ago period.
4. Gross NPA ratio declined to 23.52 percent from 28.72 percent in the third quarter of the previous fiscal. Net NPAs eased to 1.94% as against 5.25%
5. Provision coverage ratio (including technical write-offs) improved to 97.08 percent from 92.41 percent.
Given the improvement in the financial condition and simultaneously RBI putting out of it from PCA framework, the IDBI is recommended for Buy as much you can for first target of rs60, 87.50 and 109. Also, given the positive run seen in the banking stocks it will not be surprised the bank touch its all time high of Rs202 in the one year time period
NEXT BIG TARGET FOR IDBI BANKIdbi 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 - Triangle patternPrice forming a triangle pattern and when it goes to the support trend line it would be a good bet for long with calculated risk. Long way to go
IDBI Bank ---- RSI below 30. GO LONG!!Buy @ CMP --- 31.25 or 31
Target --- 35
Duration --- 4 to 5 weeks
SL --- 30.25
#idbibank #shorttermbull #longcall #positionalcall
IDBI Double Bottom + Channel support for Mean reversion - SwingNSE:IDBI Levels already mentioned..
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Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
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3. Views given here is not a tip rather it is for educational purpose... After market opens, the condition might change so learn to handle for different conditions..
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Buy IDBITrade Setup: This is a Contra trade.. IDBI was falling and now it engulfed previous day candle with volume. Can be traded on long side..
Buy Zone: 32.20 - 32.50
Target and SL =As per Chart
NSE:IDBI
Imp:
1. Trading requires more than technical analysis . e.g. Risk Management, trade management, psychology etc.
2. Always follow stop loss.
3. Once a trade is in your direction (say) 3%, never let it go in a loss.
4. Simply follow rules. Nothing else..
IDBI Bank - Triangle pattern bullish breakoutNote: This is for educational purpose only.
There seems to be a bullish ascending triangle breakout with ultra high volume. RSI above 60 indicates high bullish momentum.
IDBI (***Attractive - hoping for breakout)CMP = 40
Handle too k support at 0.382 Fib
Target 1 = 44 (10%)
Target 2 = 48 (20%)
SL = 38 (5%)
Buy on dips for long termAs per Nifty, IDBI bank may go down from here so keep accumulating on dips for long terms.
