Break-Out
IDBI (Rs.102) This stock would be a break-out above Rs.104 and target can be Rs.118 & 125 if the break-out happens. The stock is seeing sideways accumulation for almost 37trading days and with strong volumes the stock has shown strength and any move above Rs.104 can be considered as triangle break-out.
14EDMA=Rs.99, 100EDMA=Rs.91 and 200EDMA=Rs.84
Investments, a hidden jewel box :-
http://www.idbi.com IDBI Bank holds a significant stake include NSE, LIC, IDFC, IFCI, NSDL, CARE, ARCIL and SIDBI and conservative valuation give Rs.50 only in these investments.
Long Term Target for the stock Rs.170-200 in 18-24months.
