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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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.