IDFC First Bank observed some correction, is it a change of trend ? No i don't see that yet for me it is taking support on trend line and shall change course back to upwards shortly post some rest here.
A Clear Cup and Handle Pattern on daily time frame with breakout and a few days of consolidation with finally Pull back, favorable risk reward now, CMP 3537, SL 3486, Target 3986, timeframe 6 months
H&S was formed and then a bit of pull back now at Good support to start upward journey, A Good setup with favorable Risk Reward, SL 396 target 460 in next 6 months
Nifty Pull back took support precisely at fib level and and now ready for upward journey maintaining its Higher low formation, While Global events will keep mounting pressure, Indian Equity looks strong with Festive season on the door. Once Nifty crosses 20300 decisively 20837 on the cards.