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Trading_hawk
Dec 12, 2021 2:49 PM

Positional Buy Trade opportunity | IDFC FIRST BANK | MID-TERM Long

IDFC FIRST BANKNSE

Description

NSE:IDFCFIRSTB

On Daily time frame, it is still trade below 200DMA.
200DMA is placed at 53.05 level.

Also it closed in the resistance zone of 52- 52.50.
It will be bullish once it give sustainable breakout of 54 level or 200DMA.

All the targets are mentioned on the chart.

Please refer below chart : 1day Time Frame.



***************Please note this is my own study/opinion, it is not a trade recommendation**********************
Please Consult your financial advisor before making any investment.
Comments
spacious
Asian Paints also in almost same pattern in Daily tf, above 20DMA. REady for breakout of neckline 3300, which may go upto 3350 and then ATH, pls chk
Trading_hawk
@spacious, Yes. Agree with you.
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