Idbibreakout
IDBI BANK: 2 year Cup and Handle BreakoutIDBI BANK is breaking out of a 2 year long cup and handle pattern with high volume and high RSI. The breakout is sustaining over the support.
Cup&Handle Pattern Spotted Multi Year Breakout with Good VOLUMEEverything Explained in Chart IF you have any question . Please comment down Below
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.
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.
IDBI: Rally post a retest of breakout levelIDBI 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 for educational purposes.
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 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
—DISCLAIMER—
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 - 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.
