IDFC First Bank is near its all time high and has show some strength when compared to other banking stocks. That said, it is at a crucial zone, and may go sideways or retrace a bit before breaking out of the ATH [ All time high ] zone. But once it does, chances are it will gain strong momentum and keep going for some time as there is no obvious resistance zone! That is, it is still very important that we keep a tight Stoploss [ preferably just below the resistance zone ] and then trail our profits using ATR, moving averages or any such trend following indicator.
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Breakout has happened and the previous resistance might act as a support now, probably a good time to take a trade, good risk to reward ratio kinda situation
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Price is near the zone where it had a nice breakout a few months ago. Now, if it forms a bullish pattern above 80, it would be a great time to get aggressively bullish
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Price is still trading around the support zone and is consolidating in a very tight range.
Hi Sir , avg buy 56 hai 1250 sell Karu ya hold Karu plz guide me
Amit_Thakkar_
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@umakantsk51, trend is up on weekly and daily timeframe, if I had your position, I would hold as long as the trend is up. You could use a moving average or Supertrend as a trailing stoploss.