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
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Tomorrow corrective wave (ii) will be resolve trade initial with proper Sl below (ii) wave decide your goal
It's been consolidating at the same price since 15 days
When is 52 target expected? Next week ?
aakashshah0007
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Can we still keep this trade on ?
meena_sn
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@aakashshah0007, wait for correction resolve and confirmation.
aakashshah0007
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@meena_sn, so can we expect an upward journey tomorrow?
meena_sn
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@aakashshah0007, tomorrow can be initiate with proper risk corrective (ii) wave resolving sing with a,b, complete and c point may be tomorrow stop loss below (ii) wave swing decide ur goal, what you can do with this stock.
aakashshah0007
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@meena_sn, so in simple terms upward journey to 62 begins today with 45 as stop loss?
Kp9079
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Superb analysis
amithbhandari240587
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What's is the target for December ending or March 2022 ending