Wednesday, March 30, 2011

IDBI :-A MultiBagger,Buy/sell/hold,growth prospects and recomendation,news and results,target price and analysis,views and outlook


IDBI closes   at  143.05 with a fall of -2.1%  on 29 Mar 2011 with formation of Long Black Candle on Daily  Price Chart. Technically  IDBI  is in Down-Trend. Momentum Indicator, PIR Daily is now Trading Below its PIR Weekly, a bearish symptom on daily price chart.CCI is negative move. Prices is likely to test  Bulls Fear level  of 140.63.
We Recommend to SELL – IDBI  at CMP
Target-128/122.75
Time Frame- 10/14 Trading Days
Stop-Loss -145.05

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