NeeteshJain
Long

IDFCBANK - Reviving

BSE:IDFCBANK   None
It has been observed that the price action trading in a range for a while and now it has again reached to the bottom of range where a revival is expected. Once closes above 56 levels then it shall further rally up.

T1- 58
T2-60
SL-54
Trade active
Comment: Momentum begins
Trade active
Trade active: IDFCBANK adding volumes at support zone, shall move further up.

Comments

Hi can this level is good for entry
+2 Reply
NeeteshJain nvn.mishra1
Reply
Today it is a shakey day, people shorted every other stock they wished. But wondering if the current level is good to enter. please suggest
+1 Reply
NeeteshJain adithyareddy.g
@adithyareddy.g, Yes, it is still at good risk to reward.
Reply
I am waiting for bull momentum like you
+1 Reply
NeeteshJain siddmuk2005
@siddmuk2005, Yes, it will show up soon. Thanks
Reply
siddmuk2005 NeeteshJain
@NeeteshJain, not very soon. need another 10 session to cross 64 in Dec
Reply
Looks like support is becoming resistance, will it be better, if we exit tomorrow, in case if it does'nt close above 53.3?
Reply
@NeeteshJain Sir it is hovering around 53. Stop hit or will it be revised?
Reply
NeeteshJain 76764554
@76764554, Yes, it is hovering near 53-52.50 support. Today, if it closes below the support then it shall turn down and reach 45-46 levels to downside. We shall need to wait patiently for sometime more to confirm the closing price of the trade in order to see actual status of the same. Thanks
Reply
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