IDBI trade ideas
IDBI forming bullish PENNANT patternIDBI forming bullish PENNANT pattern. upper trendline may act as a resistance.
IDBI Ready and Steady Fresh wave III about to start, volume picking up and on the verge of flag break all this could lead stock to 65 if breaks channel then 89.
Stop loss 28.5
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I may or may not trade this analysis
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crucialsupportIdbi Stock is trading near to crucial support 29.6.
Investor can buy this level to test.
IDBI Double Bottom + Channel support for Mean reversion - SwingNSE:IDBI Levels already mentioned..
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Note:
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IDBI BANK LONGBOUGHT around 31.5....accumULATE on dips till 30.5 for short term target of 34.5......long term target of 38,41.5..........with sl below 30 on day closing basis
Buy IDBITrade Setup: This is a Contra trade.. IDBI was falling and now it engulfed previous day candle with volume. Can be traded on long side..
Buy Zone: 32.20 - 32.50
Target and SL =As per Chart
NSE:IDBI
Imp:
1. Trading requires more than technical analysis . e.g. Risk Management, trade management, psychology etc.
2. Always follow stop loss.
3. Once a trade is in your direction (say) 3%, never let it go in a loss.
4. Simply follow rules. Nothing else..
IDBI Bank - Triangle pattern bullish breakoutNote: This is for educational purpose only.
There seems to be a bullish ascending triangle breakout with ultra high volume. RSI above 60 indicates high bullish momentum.
IDBI (***Attractive - hoping for breakout)CMP = 40
Handle too k support at 0.382 Fib
Target 1 = 44 (10%)
Target 2 = 48 (20%)
SL = 38 (5%)
Long One can wait for daily bullish close and invest in this with in few weeks it will give very good profits
book near the forecast
IDBI PRICE ACTION1. Bullish candle stick pattern
2. likely retrachment to trendline
3. fabonnnaci support level checked
IDBI - options play STOCK shed 8% of value in this week hope it would fall to further or try to retrave so current levels am going to long on both ce,pe
strike prices are 25,24,26 will close when profit 10% or 20% levels will update you profit levels
Strategy Positions
+1x 29AUG2019 25CE - ₹ 1.2
(0)
+1x 29AUG2019 25PE - ₹ 1.9
(0)
+1x 29AUG2019 24PE - ₹ 1.45
(0)
+1x 29AUG2019 24CE - ₹ 0
(0)
+1x 29AUG2019 26CE - ₹ 0.75
(0)
+1x 29AUG2019 26PE - ₹ 2.5
(0)
Max. Profit
₹ Undefined
Max. Loss
₹ -69,600
Breakevens
22.4-27.6
Estimated Margin/Premium
₹ +93,600
