Live Challenging Signal BUY IDFC @ 50.10
Entry Type: Buy
Our Unique Features:
1. Follow our 15 signals ….10% equity will increase in your account for sure.
2. We are not Trailing stop! or average the trades.
3. 2% Risk Management Per trade.
4. Risk vs Reward up to...
After a 4 year down trend , the price has managed to terminate that trend. Facing a resistance at 48, if it manages to cross it can quickly race to the target.
However, if not, it could most probably gather itself at 42-45 for its fresh upmove.
Key Levels for IDFCFIRSTB : INTRADAY CHART ANALYSIS
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
IDFC Bank has given Breakout. Right now at key Level. Monthly Close above 51.75 would mean Stock will start its Bull run.
Position Trade Buy above 52.6 for Immediate Target 56
56 Important fib level. However if stock gives monthly Breakout then 56 will also break with ease.
Book 50% Position at Target and Hold rest till month end to see if we get Breakout....
IDFCBANK has bounced from new yearly lows, with a convincing hammer and a follow through with price action.
Therefore it is a low risk trade, with an upcoming bank being available at a low rate. The bank can be purchased for an expected bounce to first 63 levels and then 78 levels with a stop loss of the swing low.