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Friday, October 22, 2010

IDBI Gap up Opening


IDBI broke its double top of 164.5 yesterday, and opened gap up today.  The volume is higher than all of October except yesterday.

Seems positive, a good gap up candlestick and high volume and breaking of double top, but no other indicators are giving an entry signal yet so will wait before entering.

Chart Source: www.moneycontrol.in

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