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ParimalDevnath
Apr 7, 2018 2:44 PM

IDBI, Contracting Triangle 

IDBI BANK LTDNSE

Description

In 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.
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