IDFC FIRST BANK : Monthly Breakout

2022年8月23日

In monthly chart, falling wedge breakout and further analysed in multiple time frame and parameter as mentioned below:



Parallel Channel: 2D: The movement of price was downward channel, with defined resistance (red arrow) and support (green arrow). The stock breakout from its range and subsequent buy observed.



EMA, Volume and Bullish Candle: 1D: The crossover of EMA 20 & EMA 50 with significate rise in volume was the entry point and second entry was at bullish engulfing candle.

Disclaimer : The chart analysed for educational purpose only.

Thanks
-AJ

2023年4月24日

註釋

Breakout with bullish candle and solid volume.

Price above all key moving average.



Thanks
-AJ

2023年5月9日

註釋

support & resistance

2023年5月12日

註釋

resistance breakout

2023年5月25日

註釋

Volume Breakout !!

2023年7月11日

註釋

stop loss Rs 78.40