IDFCFIRSTBANK Breakout Soon ! Keep an Eye
Güncellendi
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.
İşlem elle kapatılmış
SL Hit - closing the trade
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.