Idbi bank is forming cup and handle pattern on daily TF, all Oscillators are positive, closing and sustaining above 39 can lead to a massive rally. Buy @CMP for a target of 65(70% gain), SL:34, Horizon: 8W.
Cup and handle pattern breakout expected on daily. Above 44 good long expected. strong bullish candle on weekly. Inverted hammer like structure on daily pattern. Analysis for educational purpose only.
PSUs have come into action again. Buy as it cleans out this week's wick on the upside.
Share price is dependent upon the Govt.s decision on disinvestment. An inverse head & shoulders pattern is observed. Over a long period, the price could be reaching levels which I am able to identify will be more than mentioned in the charts. May be LIC will take complete control??
* FOR EDUCATIONAL PURPOSE ONLY THE STOCK HAS FORMED A DESCENDING TRIANGLE PATTERN READY FOR BULL RUN ONCE MONTHLY CLOSE ABOVE 45 IS ACHIEVED
Price forming a triangle pattern and when it goes to the support trend line it would be a good bet for long with calculated risk. Long way to go
Ascending triangle pattern formed in hourly chart. buy only if it sustains above 40. Sl 38
As the floating stock is less (95% with GOI and LIC), the price fluctuates highly. Better for entry at lower levels of 33-35.
IDBI is looking good on Daily and weekly chart. It has pulled back to the breakout zone and formed a bullish engulfing candle. Buy with a SL below the demand zone on closing basis.
Candlestick bullish engulfing pattern Buy at 37.85 SL at 33.55 Target 45.05
#IDBI 200 EMA support with volume Buy - 37.45-38 Stop Loss - 33 Target - 44.50
IDBI Bank breaking long term trendline (10 years), due to LIC IPO it may see a bounce back. Its a positional buy and may convert into long term investment
Simple Price and Volume Analysis. 3 times Rejection from 50WMA and now price is able to close above 50WMA with gud volume.
ON 12TH MARCH Watch for IDBI. SHORT TERM AND POSITIONAL CALL FOR TARGET 41/42/43.70 STOP LOSS: 35.0 Highlighted in rectangle to Mark Trend Reversal after previous 2 day short covering and ready to move up. 1) MACD -Good 2) RCI - Good 3) Volume - Good Looks positive move from here Other technical aspects 1) Moving Averages: BUY 2) Technical Indicators: STRONG...
Good Breakout Keep n eye Till staying above 35 may move towards resistance zone of 43-45 and then more
Closing Basis Bullish Above 45.20. Disclaimer:- Before Trading On My Views, Take Advise Of Your Financial Advisor. I Am Not Responsible For Your Profits And Losses.
Chart has different patterns. Better to wait for 33 level.