IDBI Bank-Short term-Penny Stock- Acceleration required!!

09.08.2024
Buy 98
Target 144
Stoploss 74
Risk-reward- 01:02
Holding time: 3-6 Months

1. Inside candle breakout with good support from RSI
2. Now price has reached 10 year old level.
3, Price reclaimed from 50% Fibonacci
4. Volumes are very good in upward movement and
decreased volumes during retracement.
5. Price rejected at resistance turned support
zone also crossed 21 EMA
6. Price is under consolidation from 6 months in same zone
7. Fundamentals are very good.
IDBI