IDFC FIRST BANK (Psychology Analysis)

Apr 10

Date 10th April 2024
Time: 3:30

IDFC FIRST BANK was in a correction from last year's Sept.

After showing full correction Wave At the end of March it Gap Down and from 1st Day of April it Started moving up seems like its short covering .

But More Confirmation for going long is on 8th April IDFC Gap Up and Going upside continuously.

and finally, today it breaks Out from Resistance Line and give closing above it.

Round figure Price level 80 is Strong Support with SL of 81 We can Long IDFC FIRST BANK.

Target ATH Price with 1:5 Risk Reward.

Thank You!

Apr 19

Note

Closing was still above 81 Rs, it fills Prev gap today.

Apr 26

Note

SL Reduced to 82.50 Daily Closing Basis.

Apr 29

Note

if it won't make closing above Green Support line, I'll Close this trade at end of this day.

Apr 29

Note

Trade is still on further on this tomorrow at the beginning of day.

Apr 30

Note

Can Carry Until it is taking Support on green Line.

May 7

Trade closed: stop reached