IDFCFIRSTB towards 60. Strength in Hourly Charts.
Idea #4
Trailing Win Rate: 66% (for the past 3 ideas published)
Inspite of the rate hike talks by the Fed yesterday, Indian markets have performed exceptionally well today and especially the banking sector. Nifty Bank recovered well and IDFCFIRSTB is on the verge of long-term breakout of 4 years.
Conservatively it is likely to reach 60 but if it reaches 60, it is a breakout on the 4-year downward sloping trendline.
Long at CMP for an eye on 60. Stop loss is dynamic.
Trailing Win Rate: 66% (for the past 3 ideas published)
Inspite of the rate hike talks by the Fed yesterday, Indian markets have performed exceptionally well today and especially the banking sector. Nifty Bank recovered well and IDFCFIRSTB is on the verge of long-term breakout of 4 years.
Conservatively it is likely to reach 60 but if it reaches 60, it is a breakout on the 4-year downward sloping trendline.
Long at CMP for an eye on 60. Stop loss is dynamic.
Trade active:
Long at 57.35
Comment:
Trade Holding. SL not hit.
Comment:
Holding trade.
Trade closed: target reached:
Close trade. Profit. Sold @ 58.70