IDFC has broken out of inverse head and shoulders pattern and is in a clear uptrend.
The increased volumes are supporting the breakout and long should be initiated for returns of around 20% which is 2.24 times the risk as mentioned in chart.
For conservative traders who like to confirm a breakout should wait for the price to retest the blue line and then go long.
The increased volumes are supporting the breakout and long should be initiated for returns of around 20% which is 2.24 times the risk as mentioned in chart.
For conservative traders who like to confirm a breakout should wait for the price to retest the blue line and then go long.