Bull movement to come immediately in IDFC
Stock selected in daily TF
Sector support - positive
Stock recovered immediately from support zone which confirms it as significant support zone and now weak pullback at minor resistance.
VSA principles
Despite increasing volumes in pullback , price is displaying strength
August 26 Bar showing strength since it is a down close bar with same spread as last two bars but volume higher than many bars of past.
This shows smart money buying in pullback at low prices and retail traders exiting which curbs unnecessary supply in higher prices at higher levels. This is a clear signal of strength
Today’s candle confirms that yesterday signal and gives every opportunity.
Lower time frames in four hours and seventy five minutes, volume built up is observed only on lowest prices indicating clear smart money support.
Last bar in four hour timeframe and 75 min time frame of today is narrow spread with ultra high volume with price close at lows .
Target can be 120-124 with minor resistance zones at 116 and 118
Sector support - positive
Stock recovered immediately from support zone which confirms it as significant support zone and now weak pullback at minor resistance.
VSA principles
Despite increasing volumes in pullback , price is displaying strength
August 26 Bar showing strength since it is a down close bar with same spread as last two bars but volume higher than many bars of past.
This shows smart money buying in pullback at low prices and retail traders exiting which curbs unnecessary supply in higher prices at higher levels. This is a clear signal of strength
Today’s candle confirms that yesterday signal and gives every opportunity.
Lower time frames in four hours and seventy five minutes, volume built up is observed only on lowest prices indicating clear smart money support.
Last bar in four hour timeframe and 75 min time frame of today is narrow spread with ultra high volume with price close at lows .
Target can be 120-124 with minor resistance zones at 116 and 118
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