IDBI BANK LTD
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IDBI- Analysis

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Only for long term investors

As you can see stock has made top in November 2010 and from March 2020 it has given close to 400% returns, can this trend continue for next 1-2 years or more?


It will be a good to keep buying this stock on every retracements. Good buying range will be around 83 to 98 , if it come around 76 that will be even better price for averaging.

Stoploss of day closing below 70 for consecutive 2-3 days or as per your comfort or risk management.

Targets can be 117 to 121 ,129 to 133 then 173 to 167 and may be 208 to 212




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Thank you.
Catatan
Today more than 12% Movement ..
Catatan
15% total returns .. not bad in few days..
somtimes this quick moves are not justified, so book some profit or revise SL or you may also choose to book full profit oe hold.
Chart PatternsHarmonic PatternsTrend Analysis

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