This is follow-up on IDFC First Bank. Can check link to related ideas.
Target 1 achieved in 6 weeks. More than 57%. Trade is ON.
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only.
Since I have received many queries, traders interested in Intraday Equity Cash & Futures calls/strategies, you can direct message me for further details. Minimum 1:2 risk/reward ratio.
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.
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
Okay, this is for long term investors. If you are not a long term investor, the idea might not interest you but please continue to read and let me know what you think. :)
So, let's talk trend-lines first.
On Monthly charts, the stock is showing an up trend formed by higher highs and higher lows, well barring one red candle.
Also, there is another trend-line...
