IDBI Bank technical chart | 15-Nov-2011

Here is a techncial chart of IDBI Bank, listed on Indian stock exchange, with Ichimoku Kinko Hyo indicator.



























Yesterday, IDBI bank has CLOSED below kumo, which is a very weak signal. It has given bearish breakout signal. Do not buy this stock till it closes above kumo level viz. at 108.50 currently. Rs.116.80 will be strong resistance then. Support level is around 89-90.


Leave a Reply

Your email address will not be published. Required fields are marked *

fifteen − twelve =