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Yes2Profits
Oct 27, 2021 3:30 AM

IDFC First Bank: Breakout Long

IDFC FIRST BANKNSE

Description

The stock has broken out of the pattern and its resistance with spike in volumes.
If it sustains levels of 52, it can start trending towards its previous highs.

Be mindful of the fact that results are on 29th Oct, so if you initiate the trade please be cautious.

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Comments
SK_tron
how is it looking now?
Yes2Profits
@SK_tron, It is still holding the lower support line... Results will decide the trend...
SK_tron
@Yes2Profits, do you think the setup is still valid? is it showing weakness?
Yes2Profits
@SK_tron, While its still holding the trendline, it is definitely looking weak, as the market itself is.
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