Note: 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.
CMP = 40 Handle too k support at 0.382 Fib Target 1 = 44 (10%) Target 2 = 48 (20%) SL = 38 (5%)
Buy Idbi Bank on dip with SL of 41.7 and target of 47.
As per Nifty, IDBI bank may go down from here so keep accumulating on dips for long terms.
Buy Trend IDBI BANK for 65/70/80
Break of 59 will give way to 62
IDBI has been trading in down trend channel it closed touching the resistance and seem to approach again support if breakout doesnt happen. we can see the target of 72 or if breakout then 77 in near term.
IDBI Bank has been trading in horizontal channel respecting support and resistance, it has been approaching channel resistance around 77 in near term,traders may enter long in IDBI.
IDBI Bank trading in a channel since March'16 and gradually forming a wide wedge, it is touching the channel support 68.60 and very good opportunity to enter long in this stock but wait to see breakout if breakout occurs it will trade downward but chances are very thin to go down, risky trader enter long with small stop loss with a target of 81.00 in near term.