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.
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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.