Hello Traders👋
Today i have made a post on IDBI hourly
I hope you find this post helpful and informative👍
The targets and stoploss would be given in the charts or they would be according to pivot points
Thank You
—DISCLAIMER—
I am not a SEBI registered financial advisor
Please consider your consultant's advise a must , all the setups posted here will be...
Keep it on your radar as IDBI is trying to move up and break its multi year descending trend line on the weekly chart. The RSI is also getting stronger.
Guy's add IDBI to your watch list , upcoming Breakout,
In weekly time frame you can see strong Supports and resistances.
If Trendline is broken breakout is possible .
Triangle pattern can be seen on chart.. once broken it can touch its first resistance which is 40.35 if this price is also broken then we can expect the price to go towards 45.
Feel free to correct me in comments section.
Thankyou.
One of the first few banks to be selected for disinvestment by the government would be IDBI Bank. It has really great financials with a promising future. Some really great companies are definitely coming forward to bid for IDBI. Above 45, a breakout is expected with targets 60/90/120/150.
