Idbi bank change in long term trade. In charts its look like that idbi bank has massive strength and can go to 60-65 from here and after sustaining above 65 can go to 85-90 also.
Only for long term purpose
IDBI trade ideas
Monthly trend breakout In the monthly chart trend reversal going on and on weekly chart trend reversal with strong volume and basis is created near 36-38 so make a stop loss some where 35 and try of 72 and also Result are improve from 2020 and NPA goes down.
IDBIBANK - D-STREET BANKABLE BANKIDBI Bank printed yesterday huge upmove pushing through the long trendline break. This is encouraging for price move towards the 70 area with min move towards the 60. Strong buy here and dips to 43 (if any) with stop loss as a tad around the 38 handle. This is a. despite the stronger down move b. if the market moves up particularly bank nifty it would be out performer near to medium term.
IDBIIDBI ; Analysis is Buy
long time investment
Buy @ 39
Stop Loss @30
Target @ 70
risk reward ratio
1:3
best wishes
shakthi
idbi bank is under triangleidbi bank under SM triangle may breakout or breakdown as per price closing of the day if its above the triangle it may go up
IDBI BankIDBI Banks firstly had a breakout of the cup and handle formation. It was immediately followed up by the flag breakout pattern. These breakouts have led the stock to rally for more than 33% in merely 7 trading sessions. The stock opened up with a circuit of 20% on NSE today but witnessed a strong sell off due to several factors such as rising US bond yields, imposing lockdown in several districts of India, global markets ending up in red etc. This cool off was seen in many stocks as the indexes ended up in red despite opening up with more than 1% gain.
The reasons for stock selection are as follows:
1. RBI has removed it from its PCA framework. It was placed under it in May 2017. Although this removal is subject to many clauses, however, it is expected to increase the business of the bank.
2. The bank appears to be a perfect fit for the theme of privatisation of the Indian Government. Currently, GoI holds close to 45% of the stake in the bank and it is expected that the holding will either be diluted or sold off to the private players.
3. LIC which acted as a saviour for the bank and holds a 51% stake in the bank is also looking to sell its stake under the privatisation theme of GoI.
4. The stock has seen unusual volumes in the past 7 trading sessions.
** Point number 3 and 4 are speculations based upon several news articles or sources.
Levels (Considering the volatility in the market):
Buy - CMP (if sustains the level of 42) or 40 (if retraces)
Target - 49+
SL - 38
NOTE: These findings and levels are purely based upon the knowledge and understanding of the post publisher. The idea here is to predict the future price movements hence, please do not consider this as stock advice or recommendation.
Channel SupportIDBI taken support on channel bottom, breaking above supply zone expect 40+ in coming days
Lets see..
IDBI BANK HAS MULTIMOTH BREAKOUT IT WILL ROCKING TOMAAROWWWIDBI BANK HAS MULTIMOTH BREAKOUT IT WILL ROCKING TOMAAROWWW
IDBI BankLong idea
Can move back up after a sharp correction
Disinvestment theme by government might give further push
#IDBIbank - Inverse head&shoulderpossible inverse head & shoulder in the making with right shoulder forming at .618 fib retracement of recent move, will enter this setup if get the PA I want, keep you guys posted in time line
Flipping the RED box/ Red Resistance line will be super bullish & invalidate the H&S so keen an eye on that resistance
IDBI - Bearish Bias - Can Short at current levels.IDBI - Bearish Bias - Can Short at current levels.
