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IDFC First Bank - Rounding Bottoms into Triangle Breakout
IDFC FIRST BANK LTD
Long
IDFC First Bank - Rounding Bottoms into Triangle Breakout
By Wolf-AD7
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Oct 18, 2021
9
Oct 18, 2021
IDFC First Bank has been in a long period of consolidation that has formed a triangle.
Over the past few weeks, such consolidation period can be seen to round off into two smaller bottoms, forming higher lows.
200 EMA support is pushing the stock into a triangle breakout now, which looks good to achieve the charted targets over the next few weeks.
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