IDBI BANK LIMITED TREND ANALYSIS – 24 MARCH 2019

IDBI BANK LIMITED STOCK FROM LAST ONE YEAR IT WAS FACING A MASSIVE BEARISH TREND WITH LONG CANDLESTICKS BODY AND WITH HEAVY MOVEMENT. SOMEHOW IT GET A RECOVERY MODE BUT FOR LONG TIME IT UNABLE TO HOLD THE RECOVERY AND MAKES A NEW HIGH AND AGAIN FALL DOWN , LIKE THIS IT HAPPENS TWO TIMES. RECENTLY IT BREAKS THE LAST SUPPORT ZONE AND ULTIMATELY IT CREATES A NEW FLAT MARKET CHANNEL AND CURRENTLY THE PRICE IS MOVING IN THAT PARTICULAR CHANNEL FROM LAST FEW DAYS. NOW LETS SEE THE IMPACT OF MARKET IN COMING SESSIONS.