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...
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 -...
-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.
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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2. We are not Trailing stop! or average the trades.
3. 2% Risk Management Per trade.
4. Risk vs Reward up to...
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.
Reason for long
a) trendline breakout
b) volume and price spurt
c) super vwap set up
d) pullback support play
F) super trend long
g) channel breakout
SL compulsory
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...
Reason for long
a) Mr.14 set up
b) pull back set up
c) super trend support
d) super vwap support
e) QQE pull back as it is in hyper rally phase
SL compulsory
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...
