[POSITIONAL] IDFCFIRSTB Long Idea
Updated
IDFCFIRSTB is in uptrend right now from last 25-30 sessions. From last 3 sessions there was some decline observed in IDFCFIRSTB as it was trying to cross a major resistance zone of 44-46.
Today IDFCFIRSTB has created a huge bullish engulfing candle which engulfs almost last three day's candles. Volume also looks good - Resistance Zone also broken so IDFCFIRSTB can be LONGed at the current price.
Entry - 46.5
SL - 41.5 ( we will keep the SL little below the previous swing low)
Target - 53.5
Target should be achieved within 1-2 months if all goes right ( no global mess up)
Today IDFCFIRSTB has created a huge bullish engulfing candle which engulfs almost last three day's candles. Volume also looks good - Resistance Zone also broken so IDFCFIRSTB can be LONGed at the current price.
Entry - 46.5
SL - 41.5 ( we will keep the SL little below the previous swing low)
Target - 53.5
Target should be achieved within 1-2 months if all goes right ( no global mess up)
Trade active
Trade closed: target reached
Target Reached.Closing the trade. This will still go up some more.
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