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.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
IDBI
IDBI Bank-Short term-Penny Stock- Acceleration required!!
09.08.2024
Buy 98
Target 144
Stoploss 74
Risk-reward- 01:02
Holding time: 3-6 Months
1. Inside candle breakout with good support from RSI
2. Now price has reached 10 year old level.
3, Price reclaimed from 50% Fibonacci
4. Volumes are very good in upward movement and
decreased volumes during retracement.
5. Price rejected at resistance turned support
zone also crossed 21 EMA
6. Price is under consolidation from 6 months in same zone
7. Fundamentals are very good.
NSE:IDBI
IDBI BANK - Short Trade, Profit Target 3 Done using RisologicalIDBI BANK - Short Trade
Guys,
Just look at this one sided move of IDBI Bank.
Trade Entry on 26 August at 98
CMP - 88!
Trailing stop loss at 93.
The price might reach 85-86
Thats the last target shown on the chart.
I love such stress-free trades TBH :)
IDBI Bank-Short term-Penny Stock- Acceleration required!!
09.08.2024
Buy 98
Target 144
Stoploss 74
Risk-reward- 01:02
Holding time: 3-6 Months
1. Inside candle breakout with good support from RSI
2. Now price has reached 10 year old level.
3, Price reclaimed from 50% Fibonacci
4. Volumes are very good in upward movement and
decreased volumes during retracement.
5. Price rejected at resistance turned support
zone also crossed 21 EMA
6. Price is under consolidation from 6 months in same zone
7. Fundamentals are very good.
NSE:IDBI
IDBI52 Week High Breakout.
Box Pattern .
Huge Volumes.
Accumulation Done.
Above all key EMA.
Good for Short Term.
Do Like ,Comment , Follow for regular Updates...
Keep Learning ,Keep Earning...
Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before making any investments . This is for Educational purpose only.
IDBI STOCK ANALYSIS FOR SHORT TERM INVESTMENT IDBI ANALYSIS For 15-NOVEMBER-2021 Short Term Investment, Live Intraday Calls, Predictions, And Market Analysis
🤑🤑TRADE SETUP FOR IDBI FOR COMING WEEK🤑🤑
👉BUY IDBI ABOVE 54 WITH STOPLOSS OF 52 AND TARGET 55.50, 57.60,60.35
👉SELL IDBI BELOW 52 WITH STOPLOSS OF 53 WITH TARGET 51.25, 50.50 AND 49.59
✅ IDBI SUPPORT AND RESISTANCE LEVELS
SUPPORT 1 - 52.50
SUPPORT 2 - 51.25
SUPPORT 3 - 50.50
RESISTANCE 1 - 54
RESISTANCE 2 - 55.50
RESISTANCE 3 - 56.45
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🔎 DISCLAIMER 🔎
NOTE: THIS VIDEO IS FOR EDUCATION PURPOSES ONLY KINDLY USE YOUR KNOWLEDGE AND STRATEGIES TO TAKE OR INITIATE A TRADE.
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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.