IDFC Bank CMP 68
Fib - the retracement to 38.2% is weakness. Can it go higher??
Candlestick - Four small candlesticks in a row around the resistance is indicating reversal.
Trendline - this further cements the zone as a strong resistance.
RSI - the rally has brought the RSI to the bear zone. This is telling me the fall is not yet over.
Composite - the oscillator has given -ve divergence confirming the reversal.
Conclusion - the rally is over. And now the TIME has come for this counter to correct. My first tgt is back to the base at 52.
Fib - the retracement to 38.2% is weakness. Can it go higher??
Candlestick - Four small candlesticks in a row around the resistance is indicating reversal.
Trendline - this further cements the zone as a strong resistance.
RSI - the rally has brought the RSI to the bear zone. This is telling me the fall is not yet over.
Composite - the oscillator has given -ve divergence confirming the reversal.
Conclusion - the rally is over. And now the TIME has come for this counter to correct. My first tgt is back to the base at 52.
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Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.