IDBI consolidating from Jan-2024 in range of 75 to 87 levels with occasional spike. Now it breakdown levels of 75. Similar we noticed earlier as well.
During jun-20 to sep 21 IDBI consolidated around 35 rs and spike to 60 levels and fallen to 30 levels. In this fall, shares might have moved weak hands to strong hands.. and stock started uptrend Jul 2022 and...
IDBI is consolidating from 25-Jan-2024. Good time to accumulate in SIP for long term.
Stop Loss 76
Closing above 95 on weekly basis might push share towards 115 levels.
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
