Based on your analysis of the IDBI Bank trading chart, where you've identified a breakout above if it sustains 90 level, on a weekly basis and observed significant accumulation, it suggests that the stock appears poised for a significant move upward.
Please note, however, that this assessment is based on personal analysis and interpretation of market trends....
If this stock cross 67.9 up side there are high possibility to get this pattern in coming months.
BUY @ 68
SL 61
1st target - 85-89
All this are study is for my personal use. i don't recommend for any trade decision.
IDBI – CMP 88.850 | Date 02Mar
Channel breakout and retested
Near one year high and has a strong uptrend
Concentrate if the price is sustained above 93 with the targets of 105, 115 and 128
BUY IDBI PRICE @ 61 22% ROI EXPECTED
Buy1 cmp entry @61
Target 1 @74
ROI 1 @22
Buy2 Pending entry @54
Target 2 @74
ROI 2 @36
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📊 DETAILS
Sector: Bank - Private
Mkt Cap: 72,256 cr
IDBI Bank is engaged in the business of Monetary intermediation of commercial banks, saving banks, postal savings bank and discount houses.
TTM PE : 15.14 (Low PE)
Sector PE : 12.12
Beta : 1.22
📚 INSIGHTS
Strong Performer
Stock with good financial performance alongside good to expensive...
All years long monthly trendline breakout supported with huge volumes due to good quaterly results. Gross and Net NPA are at all time low and highest ever profits recorded in this quater.
Technically speaking the charts are very strong and forming a rounding bottom on monthly charts.
Entry should be near 70 to 80
Targets can be 100/120/150/200
Holding period -...
Simple Price Action
Formed multiple InsideBar in weekely Time frame
Gave Powerfull Breakout Of multiple Inside Bar with Strong Volume
Looks Good For Swing Trade
Trading at 79
Keep sl at 59
Target can be 110 / 150
Disclaimer :- script disscussed only for education purpose. It is not any recommendation to buy or sell. You will be fully responsible for your...
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get...
Tradingview :
📈 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...
