investingedge1s

review of idfc first bank

NSE:IDFCFIRSTB   IDFC FIRST BANK
IDFCFIRSTB
the stock has given us a good return. But looking at the price action, it seems that a correction may come.

1. There is a demand zone from 80 to 75, but it does not seem very strong.
2. It seems to me that the price will react again near the zone of 75 and give an upward momentum.
3. There is a strong demand zone near 50 which will take the price to an all-time high again. Here we should book profits and wait for some correction.

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