IDFCFIRSTB trade ideas
Long IDFC First | Book 50% at TP, wait for 2nd breakIDFCFirst after a downtrend and consolidation has now taken a swing to test it's previous top.
Can take out 50% at Target Price and observe, price may consolidate again and go higher from TP; you can add to your position in this case (excluding your profits), if prices breaks down book remaining and exit trade; you can even trail 50% stop loss with ATR
R:R > 2
Max Capital Risk 1%
IDFC Bank going to Rocket ?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. If breakout happens then Hold and Accumulate in Panic, stock will start it Bull Run. Cheers!!!