urmilaghelani

Buy Opportunity - IDBC FIRST BANK

NSE:IDFCFIRSTB   IDFC FIRST BANK
My Analysis:

Stock had initially formed Cup and Handle kind of a chart patter on Daily Time frame and it gave a breakout.
Stock is now retracing after giving a breakout. and bouncing from the support zone of 57.25 - 57.55 which was initially acting as resistance.
All the moving averages are giving Bullish signals.

Hence it's a good buy at the CMP that is between 58-59.

Possible Targets :
T1 - 61.7
T2 - 63.5
T3 - 65.85
T4 - 69.25
Trade active: Target 1 Achieved 😎✌ 61.7

Comments

wow amazing
+2 Reply
what now price action rejected from T1
Reply
can I hold idfcfirstb 63ce till exp ?
Reply
@urmilaghelani This is a good analysis. Can you let me know how did you set up Target 2, 3, and 4? Where can I learn this?
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