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IDBI Bank Overview | Short and week overview

Short
IDBI BANK LTD (NSE:IDBI)  
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NSE:IDBI   IDBI BANK LTD
Trend Analysis Fibonacci Head and Shoulders head_and_shoulder
2
0
trendanalysis fibonacci headandshoulders head_and_shoulder
THis is not convincing Head and Shoulder pattern.

Why?

Volume is not convincing at the peak of heads !!

Long term trend is down !!

You could enter at the given level with Week hold in mind .

Take profit 1 can hit as INTRADAY and if you could hold longer TP2 will also hit.

Keep in mind, Stock is not trendy as much trending sideways.


Disclaimer : not an investment advice
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