IDBI Bank Share Price:
Shares of IDBI Bank rose nine percent in early trade on Thursday.
It has gained more than 25 percent in the last month. It has crossed the 200-day moving average.
According to experts, it can go up in the long term. Looking at this, it is expected that it can go above Rs 50 in the short term.
Stock market experts have advised keeping a close watch on IDBI bank share price in the coming days.
IDBI bank share has given a strong price volume breakout. It left the rest of the companies in its sector far behind.
IDBI bank's volume has increased for the third consecutive day. Its volume is above the 30-day and 50-day average volume.
IDBI has given a Strong Price Volume Breakout. It has surpassed its previous swing high (Rs 42.90).
If experts are to be believed, then this stock is technically strong and it may rise further in the coming days.