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IDFC

IDFC BULLISHA Bullish Flag is a technical analysis pattern that suggests a potential continuation of a bullish trend. Here's a description of the Bullish Flag pattern in IDFC : Pattern Description: Flagpole: The stock price of IDFC has been in a strong uptrend, forming a flagpole (a sharp, almost vertical rise in price). Consolidation: After the flagpole, the stock price has consolidated within a narrow range, forming a flag (a rectangular or triangular shape). Upper and Lower Boundaries: The flag has upper and lower boundaries, which are roughly parallel to each other. Breakout: The stock price is expected to break out above the upper boundary of the flag, continuing the bullish trend.
ILong
by baddonkey99
3
IDFC-Bullish swing- Will history repeats? 02.09.2024 Buy- Above 115 Target- 119.5 Stop Loss-109.5 Risk Reward- 1:1 1.Breakout-Inside bar breakout 2.Trend- After very good uptrend price is under downward range channel with frequent LH & LL formations. 3. key level- Price has bounced from horizontal support zone by formation of triple bottom and also from channel support level. 4.Volume- Good increasing volumes with above average level 5. EMA- W Patter breakout expected in narrow view and Bullish flag in broad view(Different time frame) 6. Fair value gap rejection and price crossed 50% level in channel.
ILong
by Swinging_Inside_the_BAR