Technicals : Weekly timeframe is suggesting to Go Long, Also support from EMA's ,ADX, MACD & last but not the least RSI above 60
My View : Go Long at current levels & keep adding on dips
Trgt is near 82
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...
IDFC could break out from its longer term resistance, leading to a strong rally. Or break down below its short term support trend, which would be a good time to initiate shorts. Will observe closely and take position accordingly.