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.
매매 수동청산
SL Hit - closing the trade
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.