IDBI Bank Looking to make a comeback on Weekly Charts. IDBI Bank Ltd. engages in the provision of commercial banking services to retail and corporate customers. It operates through the following segments: Corporate and Wholesale Banking; Retail Banking; Treasury; and Other Banking and Group Operations. The Corporate and Wholesale Banking segment includes corporate relationship covering deposit and credit activities other than retail, as well as corporate advisory and syndication, project appraisal, and investment portfolio.
IDBI Bank Ltd. Closing price is 79.49. The positive aspects of the company are Attractive Valuation (P.E. = 11.9), Companies with Zero Promoter Pledge, Company able to generate Net Cash - Improving Net Cash Flow, Companies with Low Debt, Stocks Outperforming their Industry Price Change in the Quarter, FII / FPI or Institutions increasing their shareholding and MFs increased their shareholding last quarter The Negative aspects of the company is Companies with high market cap, lower public shareholding.
Entry can be taken after closing above 80 Historical Resistance in the stock will be 83.7, 88.1 and 92.1. PEAK Historic Resistance in the stock will be 95.6 and 99.3. Stop loss in the stock should be maintained at Closing below 65.4.
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