Tuesday, April 29, 2014

IDBI Trade setop

Hi friends,
                   A small short trade setup can emerge ,Below 67-66.50.
Let me put the chart to get the picture clear.
IDBI Trade setop
From the chart we can see
IDBI is in 5th of a hourly
impulse where 5th has
grown bigger in size price
wise and even timewise .
Now here 5th is making
a ending diagonal and its
almost complete and below
66.50 this stock can fall to
atleast 63 .

Trader can maintain a stoploss of 68 and plan this trade.
Lets see how stock performs in following days.


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