atul4b95
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IDFCBANK --great trading oppurtunity lies ahead

NSE:IDFCBANK   IDFC BANK LTD
NSE:IDFCBANK is approaching its strong resistance zone of 65-66,which has acted as resistance for around an year.We may see a quick reversal or if it consolidates then this time it may break out of the zone ,and may reach 80 levels.Also this time bullish crossover of 20,50EMA has occurred and it`s trending above 200 EMA ,so chances are in favor of breaking the resistance
So we must have a keen watch on these levels
Comment: tested the blue trendline today ..what do you says guys will it drop down in the range or can break upwards.
I will watch tomorrow for break of todays high 63.8, if it does then it may go to 65-66
Some merger news too.
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