IDFC First Bank is moving in a zone and respecting the above resistance and below the trend line. Anytime soon a breakout on either side can be expected in this stock.
Wait for the breakout and re-test of that and it will give a great move.
The chances of breaking above is more due to the current market scenario. SL can be kept at the areas below the resistance and trendline zones.
Trade safe. Manage risk. Be profitable.
Please follow us for more simple trading analysis and setups. Also, let me know in the comment if you have any queries.
Disclaimer:- This is my view. Please analyze the charts yourself and then decide to take any trades.
Wait for the breakout and re-test of that and it will give a great move.
The chances of breaking above is more due to the current market scenario. SL can be kept at the areas below the resistance and trendline zones.
Trade safe. Manage risk. Be profitable.
Please follow us for more simple trading analysis and setups. Also, let me know in the comment if you have any queries.
Disclaimer:- This is my view. Please analyze the charts yourself and then decide to take any trades.