IDBI trade ideas
IDBI going to the new heights!IDBI going to the new heights!
Go Long on IDBI Bank on monday.
Reasons for Long
1. Stocastic - Oversold
2. RSI - Oversold
3. Morning Star Formation ( Great success rate)
4. Bounced from the trend line
Any opening above
IDBI going to the new heights!IDBI going to the new heights!
Go Long on IDBI Bank on monday.
Reasons for Long
1. Stocastic - Oversold
2. RSI - Oversold
3. Morning Star Formation ( Great success rate)
4. Bounced from the trend line
Any opening above 54 can lead to 60 within 2 weeks time frame.
IDBI: Sell at 61.40 SL 63 Tgt 58.7IDBI resumed Fresh shorts today on NSE. Indicating stock is unable to cross its recent high of 63. Sell IDBI at 61.40 with SL of 63 and Target of 58.70
Long after Brake out retestThis one is Going one more up side before heading for any Major correction , Wait til the price Brake out and retest
One can Look for Going lone in Cash , for short term target as per forecast ,
IDBI Intraday Bearish View. With weakness of overall market it may plunge down to retest some recent level on down side.
be careful it can retrace 61% in morning and head back to downside.
Entry in morning after breakout near 70 and Target 67 .
IDBIResistance and indecisive candle...
Short below 76 for a target of 70 with stoploss at todays high...
INVESTMENT PICK - 3 : IDBI BANK LTDHI,
A Strong weekly trend line breakout done on IDBI charts with the support of good volume.
It might be a good idea to go long as a investment pick - Details given on chart.
Our previous investment picks Hexaware & Ashok Leyland worked well ( Links shared below for the thread)
Disclaimer : Please consult a financial advisor to assess the risk. Just sharing my view only.
Regards
Gulz.
IDBI BANK LTDBargain corner. Accumulate between 52-56. Target 80 (Medium term). Stop loss should be placed at 46 (Closing basis) which is technically a very strong support.
IDBI - Reversed from its downtrendNSE:IDBI has reversed from its downtrend with huge volume.
Go long above 86.60
T1 - 95.40
T2 - 101.55
T3 - 115.85
SHORT IDBI, Bearish Pinbar formed signaling a reversalShort NSE:IDBI around 78-79 with a stop loss of 82-83 for first target of 70-71
Bearish Pinbar formed finally after a great rally..suggesting a reversal
IDBI: Buy@74.4 SL@72.25 T1@76.6 T2@78.7 T3@80.90IDBI surged in trade today with PSU Banks re-bouncing, IDBI seems to be a better option. 5.4% today on NSE with close to 3.5 times its average volumes which signifies returning interest in IDBI. Well above Ichimoku IDBI stands on my BUY list in CASH Market only above 74.4 with Stop Loss of 72.25 and Target 1 of 76.50, Target 2 of 78.70 and Target 3 of 80.90
Please do consult your financial consultant before taking any calls from my end.
IDBI, LONGShare has made Falling Wedge Pattern(shown in graph) which predicts upcoming uptrend. Last Candle made by share in day graph was MARUBOZU (indicated by arrow in graph) which shows good demand. Share price is expected to go up.
IDBI Flag in progress.IDBI can be bought at 59. Can give a good breakout for target of above 70. SL- 57 on daily closing basis.
IDBI Bank: Keep a close eyeIDBI Bank
Closing Price 60.70
The stock has potential either side...
Bullish case
Probability of further upside increases if stock closes above 62.20
T1 66.20
T2 70.30
SL if closing is below 58.60
Bearish case
Probability of more down fall increases if closing is below 58.60
T1 56.50
T2 54.5
SL if closing is above 62.20
Will be keeping a close watch for tomorrow...
Will provide further updates during market hours...!!!
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