IDBI short termIf the chart crosses the yellow line the Price could go Bullish to the previous resistance
BUY: 51-53
SL: 45
TARGET: 62/64
And please do correct me If I'm making a mistake somewhere
IDBI trade ideas
IDBI BankPrevious Weekly range 53.2 to 48.3
In 15 Min Range Stock entering previous week range
If the stock opens above 48.3 it may show strength with a target of 53.25
Stock at PE of 21.5
Capital Adequacy Ratio of 14.77%
Gross NPA of 23.52%
Net NPA of 1.94%
IDBI LOOKS ULLISH FOR TGT OF 62 *IDBI*
*CMP:* 47.1,
*TGT:* 50.5, 54.7, 58, 61.5
*SL:* 43.3
*Risk Reward (RR):* 1:4
*Potential Returns :* 8%
*Potential Loss:* 32%
*Time Frame:* 4-8 Weeks
IDBI forming a double bottomNSE:IDBI
IDBI bank is forming. Double bottom pattern a good chance for a long position
Good set up ✌✌✌This scrip is expected to give breakout in the coming days as it is on the verge of breakout. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
IDBI Bank Huge accumulation and breakout IDBI Bank has huge volume . . . it has been accumulated well enough
Recent breakout on daily time frame.
Once can purchase it for 2X target in 5-6 month frame if the trendline is broken in near future.
Near time resistance is at 67.5, if broken one can see it going towards 100
Disclaimer: This is an educational chart setup and not any kind of recommendation Pls invest as per your analysis and risk-reward.
IDBILong IDBI . target1 63 target 2 80, views are for 6 months to 1 year. Good value unlocking is still pending in psu banks.
Buy at 52.6 SL 46 TGT 59 and 65 Short termSuggestions are based on my analysis only. Please do your analysis before taking any trade.
idbi breakout possibility for upmove observe breakout
risk is ur
market always risky
confirm at ur end techno funda at ur end before action
posted as learning trend pattern
IDBI - Falling Wedge Long term falling wedge, breakout above 43.5 will give a big jump till 65-80-110.
Institutions are building up their positions in IDBI bankIDBI bank is gearing up for the large moves in coming few weeks. There was a large accumulation for about 2 years and gave a break out with good volume on 28 sep 2021. We can also see that prices are making higher highs and volume is 2 times more when compared with the volume from April 2021 to Sept 2021 that clearly depicts, we are in Trending zone. At present it is a good opportunity to enter trade with good RR ratio (1:2).
Long term trade:- target Rs. 70 to 80 with Stop loss of Rs. 42
Short term trade :- target Rs.65 with stop loss of Rs.50
[Positional] IDBI Bank Buy IdeaNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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IDBI Bank - Bounce Back From SupportThe stock broke out few weeks back, retested the support and bounced back.
Considering the setup in Banking, it looks likely to reach the 52W high and go beyond that.
Keep a stop loss around 49 levels.
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If you have any queries/suggestions related to above pattern, feel free to type below in the comment section.
Do show your love by pressing the like if you liked the idea.
IDBI : On The Marks for a big runupOne great swing opportunity seems to be building on the charts of IDBI bank. On the weekly time frame this script has broken out from below a twenty year old descending trend-line and a double bottom as well and that too with volumes that are nearing life time high numbers. After breaking out it has again revisited the erstwhile resistance and taken a support thereupon. Now if it strides further in the same momentum there happen to be two entry points ,
The first one around 49 ( which is a last year swing high and is only for highly aggressive community ) and the second one, which is also Fibonacci target 55.30 ( moderates may enter here )
Both entry points need to be shielded with a strict SL to be placed at 47.85
Milestones on this journey might be 62.70, 75.55, 91.75, 117 .... and so on (these are numeral representations on the Fib chart)
Do let me know how you find this ( and go for your own analytics and your studies before you commit yourself for any positions )
IDBI BANK LTDIDBI BANK LTD is in Bullish Wolfe Wave pattern formed over years(Wave countings has been marked). The chart is bit difficult for a newbie to observe.Let me brief you in key points.
Very recently it has got activated again and broked the 135 TL. But the good thing about this time is, it has sustained above the 135 TL for 2 weeks.
1.The blue circles that used to previously act as support now acting as resistance, it has acted previously and even this time too.
However gradually it would be taken out as the bullish Wolfe wave is active now. So for that we need to BUY, the And buying exercise and reason has been explained in point 2.
2.The Buy can be done from CMP till 43 level. And that is because the black circles which previously used to act as resistance will surely act as support, so hypothetically this should be the accumulation zone. There should be expected target and resistances when one takes a long position , the same is explained in point 3.
3.The short to mid term target stand to be at 62.35 levels. And that is because the red circles which previously used to act as resistance will surely act as small resistance, and we should keep that as our first destination. The next resistance would be of-course the upper black trendline as it is a multi year resistance . The stock will blast towards 85 after that. But believe me it will break the trendline with huge difficulty.
There are some disinvest hope that can trigger this whole exercise.But personally I don't find this stock very interesting.
Target 1 (16%) achieved in IDBI Bank. Target 2 is ON..This is follow-up on IDBI Bank. Can check link to related ideas.
Target 1 achieved. More than 16%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
WATCH FOR BREAKOUT | IDBI BANK IDBI Daily:
1) Buy above 39.5 on day closing basis
2) Target 1 - 43.5
IDBI: Rally post a retest of breakout levelIDBI has retested the breakout level of INR 45.
The rationale for buy
- Volume expansion @ breakout, Pullback with fall in volume.
- Pattern: Reverse Head and Shoulder
- The bank has made an annual net profit for the first time in FY2020 since FY2016.
The stock is expected to rally to the 60-63 level.
This is my opinion and not a recommendation. This is only for educational purposes.
A huge breakout from a high consolidation phase A huge breakout from a high consolidation phase with huge Volume
