IDBI BANK - Good long term investment?
Price observation & overview:
1. Price is in HH-HL formation.
2. Currently near the highs of the channel, once it retraces down we can plan for a fresh entry near the support area.
3. Momentum is clearly lacking.
4. Underperformance is likely to continue unless it breaks above 130 and sustains.
5. Earnings are great.
6. Volumes are good too.
Weekly tf view:
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
1. Price is in HH-HL formation.
2. Currently near the highs of the channel, once it retraces down we can plan for a fresh entry near the support area.
3. Momentum is clearly lacking.
4. Underperformance is likely to continue unless it breaks above 130 and sustains.
5. Earnings are great.
6. Volumes are good too.
Weekly tf view:
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
Anubrata Ray ⚡
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.