Inside Candle Strategy is a simple and effective strategy which can be applied on Index and Stocks. The main advantage of this strategy is that you are always on the right side of trend and it uses pure price action, no need to check global markets, indicators, etc.
Some of the guidelines for the strategy are
1.Create a list of 10-15 liquid stocks from NIFTY...
Wonderful price consolidation inside the channel Flag Pole Pattern
Reasons to trade -
1. Prior Price Consolidation
2. Breakout of the trendline
3. Supply Demand Conversion
4. Breakout with volume
5. 50 EMA breakout and support
6. Good Volume
7. RSI above the MA
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Idfc is at strong support zone nd taking 200 ema support also it will give big target in next month also it will break all time high stay eyes on it
Also making w pattern in it ( double bottom on daily time frame)