IDFC First Bank - CUP & Handle

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On weekly TF, Stock has formed Cup & handle pattern. It would reach 83 levels in near term, which is a first resistance. If it sustains the stock may reach to 52 weeks high.

Risk & Possible targets: The depth of Cup is 25%, stock may target +25% on long term. Trend Line acting as a Support. For short term investors, choose position size and risk as per your risk appetite.

Disclaimer: I am not SEBI registered analysts, This is entirely my view and it is only for educational purpose.

Feragatname

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