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.
Look for a dip to enter the trade. SL can be maintained below the Breakout candle.
The stock can give a weekly resistance BO above 65.75. Carry on closing basis for positional targets of 70, 73 and 76.5. Learn & Earn, Dr. Tanya Kumar
IDBI above 65.75 if sustains then 75-85-95 possible in coming days & buy more in pullbacks
IDBI has given long breakout with volumes on weekly charts, can be considered for long term. Volume is also getting squeezed showing less sellers. Chart is getting tightened showing VCP pattern. RS on weekly timeframe showing very positive outlook also. More the odds are in favor better is the conviction.
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IDBI closed above downward trendline (started in 2007) which is positive news. With good Q1 results, stock might test levels of 60/62. This is educational idea only
New Target 82 New Target 82 New Target 82 New Target 82
BUY - IDBI BANK LTD CMP - Rs. 55 Target - 1: Rs. 90 Target - 2: Rs. 128 . Timeframe - Target - 1: 6-9 months & Target - 2: 1-2 years . Technicals - Bullish Triangle Breakout . This is just a view by an expert analyst, please invest at your own risk. . Follow me for more!
In the Weekly Chart of IDBI , we can see that; it is creating Higher Low's created. Also, it has faced multiple rejections at 60-62. Enter at 56 with SL as 53 and target as 85-87. Book profit with 1:10 Risk Ratio at 85-87 and exit.
NSE:IDBI is moving in a triangle and is respecting the upper trend line.Also,the 200SMA is showing a upward trend.So, a strong breakout of the upper trend line may lead to a strong rally up to 91.
NICE breakout in idbi bank can go for 1:2 on high breakout
BUY IDBI BANK ABOVE THE BREAKOUT CANDLE HIGH with 1:2 minimum take profit
IDBIBANK giving breakout from F&P good volume,trading above 20 ema posted good q4 result educational idea only
anyony want to earn good money in swing trade, can go long with IDBI BANK cmp 55.50. Short term tgt 65/70+....Stop loss 48 Manish_Jain
IDBI have good news and hopefully it will go up . Do trade according on the fact that everything will be going on the right direction
buy @ 65 6gt-80\120\200 buy @ 65 6gt-80\120\200 buy @ 65 6gt-80\120\200