IDFC showing downtrend. Expected to reverse from support. Harmonic pattern shows 42 reversal, but should wait until 38 as support level .
Comment: moved as expected,,,target 50
Trade active: Second Target 46 Hit

Comments

It has closed on 45.50 price , can we expect reversal from here on in the week ahead? Or completing 42 is necessary?
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ShitalNM aakashshah0007
@aakashshah0007, Wait for harmonic level (42 was typo error) then see how price react at this level. if again go down then whether it takes support at 39 or not, then you should enter. I am waiting for this price action. Then targets will ne as per FIBO
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@ShitalNM, so what is the harmonic level according to u as of now from which we can see reversal in trend ?
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ShitalNM aakashshah0007
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@ShitalNM,
So don't u see any reversal from previous strong support zone of 43-44 ?
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ShitalNM aakashshah0007
@aakashshah0007, Trading is all about speculation..we need to keep watching,,,thats the reason why we need to watch at different level,,,never fix your one level,,
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@ShitalNM,
If it reverses from 40.55 (the mentioned level in chart ) what is the first target that we can expect?
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@ShitalNM, do we see any reversal now ?
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aakashshah0007 aakashshah0007
@aakashshah0007, please reply any reversal seen now ?
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