IDFC first Bank Elliott wave theory analysis
Updated
IDFC first bank Technically looking good its follow Elliott wave on a daily charts one cycle have almost completed or 5th wave in lettered phase progress. Its on weekly chart one impulsive move (wave1) and corrective move (wave2) have complete 0.618% beginning 3rd wave which will complete 1.618% 95 . Its minor resistance face 200SMA line 52 and falling trend line touch in this area and Harmonic XABCD pattern Completed D Point indicate reversal sing swings and Harmonic pattern target area 76-86. before investment please guide your finance adviser. thanks all of you good night
Note
Tomorrow corrective wave (ii) will be resolve trade initial with proper Sl below (ii) wave decide your goal
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