Rectangle
review of idfc first bank NSE: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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1 FEBRUARY NIFTY 50 MARKET ANALYSISNifty 50
Stacked in a Rectangle
It's just trying to break after the breakout a good momentum will be seen in nifty50
It will take time to break but after breakout a good momentum will be seen
CKECK ON 15 MIN Chat for better understanding
if it break then go. For upside
Otherwise ignor
Market trolling with players
Be smart don't involve in market trap
Indiamart : A Good RR ratio tradeStock is making HH and HL structure.
It has recently broke the inverted H&S pattern and now retesting the same area.
Entering this time would give a good RR ratio with chances of high winning trade.
DISC: Only for educational purposes. Please consult your advisor before making any investment.
NFL - Monthly Chart Relative strength > 75NFL - Monthly Chart Relative strength > 75. Breaking All time High,Coming out of 14 years of Consolidation. Keep an eye
Remember: I am a Price Action Trader and use Price and Volume together with different Timeframes, including RSI, and market conditions. To get best result always wait for confirmation. Focus on Risk Management and Position sizing.
I use Trading view for my Analysis and charts Repositories. I could have Or Couldn’t have positions in Sharing Ideas.
Treat trading like a business and it will pay you like a business…..!!
Hope this post is helpful to community
Thanks
RastogiG
FSL : Consolidation Breakout and ContinuationGood Consolidation on Monthly TF
A good breakout backed by:
1. Volumes
2. Retracement & Continuation
Entry: 140
SL: 116 (Closing basis)
Target: ATH or Round Number 200
Details are mentioned on chart.
DISC: This is not a tip to buy or sell any stock. I am not a sebi registered Analyst so please do your research before making any decisions.