The stock was seen rising in an impulsive 'wave I' structure between March-Sep 2023.
Wave II happened between Sep-Nov and wave II managed to retrace 38.2% of wave I.
The stock since completing the wave II correction in Nov has displayed two impulsive waves making the labelling as I-II-i-ii-i-ii and hence creating room for many legs to unfold going down the months...
The idea here is about IDBI Bank Ltd:
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...
Short Term Stock (up to 1 year)
Buy - 30 to 40
Tp- 47.95, 53.40, 56.65, 65.40
Technically good.
Big bulls in this stock- LIC, GOI
Mf holdings- ICICI, INDIABULLS, MOTILAL OSWAL, MIRAE ASSET AND OTHER MORE ASSETS.
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...
Disclaimer: All Videos/Information on this channel are for Education purpose only .They are not buy/Sell Recommendations . Please consult your financial Advisor before taking any trade or investment decisions.
IDBI 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,...
