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...
Increase in volumes on daily basis
Above 54 - we should see 62 - 72 range in quick time.
Today Price moved to above supply zone with good volumes.
Add to watchlist -- trade as per your own study/research.
Hello traders, There's no off day for traders these days are just an opportunity to find good high probability trades that can bestow some green profits upon us when the market opens.
So I have found or rather someone found IDFCFIRSTB for a good Risk reward ratio trade and I analysed the same and found it pretty good. A ratio of 1:3 is more than good.
Wait for it to come back to demand zone (Yellow) and start buying from there, can give good return as banknifty have the potential to give a rally.
Shoot up your queries in comment section.
DATE: 11 MAY 2021
INSTRUMENT: IDFC FIRST BANK
TIME FRAME: DAY
BUY ABOVE: 56.50
STOP LOSS: 54
TGT 01: 59
TGT 02: 62
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