IDBI Bank Limited is in a rising trend channel in the medium long term. This shows that investors over time have bought the stock at higher prices and indicates good development for the company. The stock has broken a support level in the short term and given a negative signal for the short term trading range.
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The stock has support at rupee 49.00 and resistance at rupee 59.00. Volume tops and volume bottoms correspond well with tops and bottoms in the price. Volume balance is also positive, which strengthens the trend. The stock is overall assessed as technically positive for the medium long term.
