END OF THE DOWNTREND-IDFC FIRST BANK

IDFC bank has been making lower highs and lower lows since past few weeks ,but since last few days the things have been changing for it as its clearly seen that the stock is trying to make reversal with a double bottom.Finally it has given a strong closing above its resistance of 52.25 and a healthy pullback.The feather to this trade idea is the option chain data showing huge call unwinding at multiple strikes. the results are yet to be out ,defensive players can enter after the result volatility(if persists) otherwise one can take entry around 52 with SL of 49 and two targets of 61 and 70.trailing your stop losses after 55 is suggested as we would see some healthy pull backs which would either help in pyramiding or taking multiple swing entries