Wolf-AD7

IDFC First Bank - Rounding Bottoms into Triangle Breakout

Long
NSE:IDFCFIRSTB   IDFC FIRST BANK
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.