-IDBI BANK Ready To Give 2x Return 12 Year Resistance Breakout
-breakout with very high volume
-results are awesome
-PSU Banks giving breakout one by one
-keep in radar it will easily give 80-100% return in next few months
idbi has been rejecting from an trendline since 2011-2012,after many years the trendline has been broken with mderate volumes,looks good on chart to be seen for an upside momentum keeping risk as per appetite.
disclaimer:NOT AN INVESTMENT/TRADING SIGNAL
JUST FOR AN EDUCATIONAL VIEW
IDBI Bank has entered a range of 65-68 here on.
Picking up a new trade with a target of the upper side of range can be one of the smoothest profitable setups.
Stoploss below the lower end of the range, target of the upper range of the range.
Duration- 1-2 weeks.
Let me know what you think.
A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend, while a breakout from the upper trendline indicates the start of a new bullish trend.
IDBI Bank gives breakout after 13 years with high volumes on daily timeframe. stock has give resistance from last 13 years from trendline and now give breakout with high volumes. stock have good potential to give good return in upcoming days. wait for some retracement and enter somewhere around 65-67 level. Current Price = 70.85 1st Target = 90 2nd Target...
NSE:IDBI
✅ #IDBI trading above Resistance of 52
✅ Next Resistance is at 62.50
Here is related chart:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This...
IDBI is in parallel channel after making high in Nov 2010
it seems now this channel may breakout on upside with stop loss of low of Mar 2023
it has potential of around 30-40% upside
Don't miss this golden opportunity. IDBI bank gives breakout after 12 with high volumes. hold at least for 1 year. 1st Target = 85 2nd Target = 120. Stop Loss = 55.
