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IDFC First will Dip lower?

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NSE:IDFCFIRSTB   IDFC FIRST BANK
IDFC First bank share price has shown immense volatility in its share price in the year 2021. This stock has been observed to have high volume transactions on daily basis. This is because of the strong fundamentals that support investor's trust in this stock. However, this stock is forming a triangle pattern. Currently trading @ 47.65,IDFCFIRSTB could be seen dipping till the range 39 - 41. This is evident as per the dips observed in the majority of banking stocks last week. If IDFCFRISTB crosses support @ 46.45, it will dive deeper. Investors should buy this stock in the dip as the trend reversal after that will lead to IDFCFIRSTB reaching the target price of around 52. This action might take place in the next couple of weeks. This is a growing stock and going long on this stock and holding it can prove to be a great benchmark for future investments.
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