IDBI Bank on a daily chart stock price is making
higher high and higher low pattern with increase in volume, indicate positive
outlook. Also stock price has given the breakout of cup and handel pattern, indicate
rally will only continue towards north.
If one were to go by the volume data, a
higher upswing is seen on the stock price. Trader or investor
can accumulate for the target of Rs. 91 level, with Rs.77 stop loss on
closing basis
.
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