AvinashMudaliar

IDFC Bank going to Rocket ?

Long
NSE:IDFCFIRSTB   IDFC FIRST BANK
IDFC Bank has given Breakout. Right now at key Level. Monthly Close above 51.75 would mean Stock will start its Bull run.

Position Trade Buy above 52.6 for Immediate Target 56

56 Important fib level. However if stock gives monthly Breakout then 56 will also break with ease.

Book 50% Position at Target and Hold rest till month end to see if we get Breakout. If breakout happens then Hold and Accumulate in Panic, stock will start it Bull Run. Cheers!!!