IDBI trade ideas
Don't ignore this laggard, IDBI It is under the disinvestment list. Any time this dead cat can bounce
Good above 33.30 for short term tg of 35.5, 40.45, 43
Volumes started increasing
Any news can lift it. Not for positional
IDBI Bank ---- RSI below 30. GO LONG!!Buy @ CMP --- 31.25 or 31
Target --- 35
Duration --- 4 to 5 weeks
SL --- 30.25
#idbibank #shorttermbull #longcall #positionalcall
IDBI chart analysis for 1st Mar 2021 [READ THE DESCRIPTION]IDBI chart analysis for 1st Mar 2021
READ THIS: NONE of the analysis has failed so far. You can check the history.
1. Check the levels and analysis.
2. If you are new, trade in low quantity or trade with virtual currency: https://trading kaivalya digital/papertrading.
3. If (or when) the stock moves 50% in our direction, start booking partial profits. This is very important as the stocks, a lot of times, show a reversal.
3. After the day ends, come back and play back the candlesticks, if you haven't traded. Check if the levels hold.
4. Hit that like button and comment if you find the analysis is holding.
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
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
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:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
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3. Views given here is not a tip rather it is for educational purpose... After market opens, the condition might change so learn to handle for different conditions..
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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
