BharatJhunjhunwala

IDFC at bounced from an important pivot? Move up to continue?

Long
NSE:IDFCFIRSTB   IDFC FIRST BANK
IDFC FIRST BANK: The stock has taken support at multiple pivots and bounced with strength. The momentum is positive as shown by MACD as it is above the zero line in positive mode. The RSI is displaying strength above 50 levels on the daily charts . A strong close above 43 will be very positive with stock and it can move to 46 levels. A move below 40 .50 will not be favorable for being in long positions.
Bharat Jhunjhunwala
MFTA,CMT,CFTe,MSTA
http://www.prorsi.com