IDBI trade ideas
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.
IDBI getting Ready to RockIDBI & other PSU's like Moil are in hope of GOVT Stake decrease,
For IDBI 81.50 to 83.10 will be heavy supply zone
crossing them on closing basis Idbi will start Rocking!!
IDBI : set-up for a big moveTarget 107 | Stop-loss 61
* Multi-week sideways consolidation (read accumulation)
* Bollinger Band contraction
* Momentum oscillators inching towards buy crossover
IDBI Bank approaching channel resistanceIDBI 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 touching channel support, ready to move upward 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.
