IDBI Share Price Forecast 1st Dec 2015
IDBI Share Price today achieved our forecast price / target price of 92. Short term positional long trade was initiated at 80 with stop loss of 78 for a target of 92 on 24th Nov 2015. We have said this in our Bank Nifty update and a few other updates on the website that we see IDBI outperforming the broader Indian Stock Markets and once again our forecast / prediction have worked perfectly. We now have trailing our short term long positions to 88 Nse spot levels mention and are continuing to hold trading long positions within IDBI. The next short term target for IDBI is 98. There is time cycle resistance for IDBI around 12-16th Dec 2015 and what the share price does or what kind of pattern it makes around those dates need to be seen and then we will once again review our trade. All details are being given via what’s app live updates to our clients.
IDBI Minor Trend is up / bullish. IDBI Major Trend is up / bullish. On dips even now the stock can be bought as we are expecting IDBI share price to continue its outperformance and we reiterate we do not see any major significant downside in IDBI. On dips towards appropriate supports levels or low risk entry points the stock can be bought and held for final tezi / bullish cycle.
Overall short term trading should be on the long side only in IDBI as structure looks very good, rather significantly good and better than Bank Nifty or most Nifty 50 stocks. The Share Price / Chart indicates that it is making consistent higher tops and higher bottoms and such structures make excellent buy and hold strategy.
For those who are holding longs we have suggested trailing stop loss points please trail and continue trading longs in IDBI.
For more such short term trading calls join us. Call 9004079145 There will be many such stocks to trade long and short over the next few trading days. Join us now and profit for those low risk trading idea’s. for any trading assistance you may need Call 9004079145.
Good Trading To You!