IDFC is at the verge of triangle pattern break out

Jul 26, 2020

The stock is in uptrend since May 20 and after touching a high of 22.3 it has formed a descending triangle pattern. Currently trading at 19.15, at the verge of upside break out and RSI is also above 50 on both 1h and Daily chart. If the pattern is broken then we can see up move upto target1 22, target2 25.

Aug 11, 2020

Note

first target achieved, inching closed to second target

Aug 13, 2020

Trade closed: target reached

47% move in just 12 days