IDBI trade ideas
IDBI, Contracting TriangleIn recent past price witnessed sharp movements. Then the temperament cooled down. But now both bulls and bears are equally confused which side of the bed to get down. This is called Contracting Triangle pattern which is not easy to trade. This indecision is clearly reflected in Open Interest Table of the stock.
Back to Back Patterns IDBI Patterns are Best in what they do :)
Disclaimer : I don't degrade other strategies, every strategy is good in own way !
Find this wonder while doing my Sunday morning analysis... 5 back to back patterns in IDBI
Only the Bear Cypher is yet to complete in IDBI
I didn't mark patterns which hit stop loss
Happy Sunday !!