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profitpujari
Nov 18, 2023 3:15 PM

#IDFC long trade idea setup (counter trend) 18/11/23 Long

IDFC FIRST BANKNSE

Description

Greetings Folks,
today I have prepared a setup of IDFC on NSE
the analysis is as follows-
- the price faced a sudden downfall due to the RBI negative news
- price broke down the trendline support and has swept all the liquidity from the trendline
swept the liquidity in easy language means sucking the power of trendline and now its baseless
- price has made a huge imbalance which needs to be covered quickly for efficient price action
- take profit is mentioned, don't be greedy as we are counter trend trading
don't play with fire, always use a predefined stoploss
Comments
profitpujari
hi folks, which stocks do you want me to analyze for you?
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