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 trade ideas
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...
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IDBI SnR tradeIDBI is seen bouncing back from its long time support at 50.
Buy at CMP for a price target of 70 with a stoploss at 49.
IDBI Bank- Inverted Head n Shoulders in 120 minutes chartAn Inverted Head n Shoulder pattern visible after a considerable downtrend. If all goes well, post closing above 60, it may reach to 66 n then 71-72 soon.
We are nobody to catch the bottom or top, but we can try to find a gud Risk reward trade.
IDBI_possible long opportunityIDBI is about to break trend-line. In last 2 days IDBI has given very good move which is also supported by its volume. Longs can be initiated in IDBI for targets of 67/71.
Trend Reversal - IDBIIDBI in the verge of reversing the trend backed by strong monthly support at 50 levels also MACD crossover happen now.
So one can buy for target of 57, 59 & 62. SL 53.5.
idbi - triangle breakdownidbi on weekly chart broke its imp support and hence broke triangle pattern downward. shorts can be taken with sl of 72 for 63,59 target.
IDBI - BuyBanking has been in uptrend and more is to come. IDBI is forming triangle. Buy at fresh demand zone and stock will zoom after triangle breakout.
Buy 73-74
SL - 70 (demand zone) or 65 (Channel)
T - 81, 86, 92, 115
Wealth Creation Purpose: Buy for Long Term "IDBI"IDBI share comparative performance is not up to market due to Lower High Lower Low Pattern with oversold, but indicator showing good strength.
In the near term, it will touch 84-110 & In long term accumulate QTY because this stock have good potential with 3:1 risk reward ratio, target 200++ because everybody knows market may be or not start correcting due to overvalue so without missing opportunities partially buy for wealth creation.
Short term Buy Levels: 71-74 tgt 80-84 sl 70 Cmp 74
More Interesting Buy Level 43-52 in case of deep market correction.
IDBI Bank trading in downtrend channelIDBI 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 Long Doji Start at Crucial Fib LevelThe stock has formed a Doji Star on 09.03 and Buy signal was confirmed on next day as price traded above the high of it. Moreover it was at Crucial 50% of the last swing so one can go long at this level by providing a small stop loss. One can easily expect 2-3 times reward of the risk taken.
