IDFCFIRSTB trade ideas
IDFC First Bank - Price Action AnalysisThe trend started from jun 2022 still continuing with the bullish price action in Weekly TF.
Although Its visible that price soon enters into supply zone and also generated Bearish Cypher Harmonic Pattern with level of .786 at price 60.70.
Levels are already mentioned in to the chart.
Any rejection on upper side leads price to 50- 52.
so do accordingly.
If you have other opinion, please share your comment below and like & follow for upcoming great analysis.
Safe Trading ;)
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IDFC Bank The trend shows there will a correction before it moves forward. Before any big move there will be testing in the form of Doji candle which is marked as star. If note the first star in starting of 2021 the volume of shares is less than the moving average line. But the 2nd one which has recently formed have high volume i.e. volume above moving average. There will be another testing which will be given by big players before taking it further.
Please check with your SEBI registered broker before taking positions.