IDFCFIRSTB - SIDEWAYS - waiting for trend reversal.
Hi guys. IDFC FIRST BANK is in sideways. though it was in downtrend, it has reached the correction level of 61.8% in Fibonacci levels and waiting for trend reversal. The price is travelling in between major support and resistance zones. If the price close above 86 we can go for buy and fix target at 95. if the price breaks the support zone and close below 75 the sell trend starts, and target can be set at 65.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.