IDFCBANK forms bullish trend.

As per #MovingAverage 20 DMA (40.36) crossed from down to 100 DMA (39.87), it forms a bullish trend.

As per OI data, strong Support is at 40 and resistance is at 45.

Weekly levels,
Above 44, tgt 44.50, 45 SL 42.90
Below 42.90 tgt 42.25, 41.90 SL 44

Yorum:

02 Jan break Lower side entry point 42.90 and first tgt done 42.20
03 Jan it plays within the range.
04 Jan it breaks 44 and done all tgt i.e. 44.50, 45 ,and 45.50

It gave signal to the entry for upper side by increasing volume around 2:30 pm to 2:45 pm and finally it break 44 at 2:47 PM then within few minutes all weekly upper side tgt are done in style. It also break 45 resistance and shifted resistance at 50.