IDFCFIRSTBANK Breakout Soon ! Keep an Eye
IDFCFIRST BANK has been consolidating after a rally and has formed a triangle pattern.
Started from 48 --> Rallied to 67 --> Retraced back to 50 --> Rallied to 61.7 --> Retraced back to 50.6 --> Now at 52
IT is constantly taking support at the support line of 50 and holding up.
I am expecting IDFCFIRST to trade in triangle for some time and then breakout of triangle at around price 55-56. Aggressive traders can enter at this price also and not wait for breakout.
Entry - 54-55
SL- 48
Target T1:- 61
Target T2 :- 68
Please note - This is fundamentally a good stock and can be hold even if target of 68 is reached.
Started from 48 --> Rallied to 67 --> Retraced back to 50 --> Rallied to 61.7 --> Retraced back to 50.6 --> Now at 52
IT is constantly taking support at the support line of 50 and holding up.
I am expecting IDFCFIRST to trade in triangle for some time and then breakout of triangle at around price 55-56. Aggressive traders can enter at this price also and not wait for breakout.
Entry - 54-55
SL- 48
Target T1:- 61
Target T2 :- 68
Please note - This is fundamentally a good stock and can be hold even if target of 68 is reached.
Trade fermée manuellement
SL Hit - closing the trade
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.