rdkriplani

IDFC First - Potential breakout and trend reversal candidate

Panjang
NSE:IDFCFIRSTB   IDFC FIRST BANK
The stock has crossed and is taking support at its 200EMA. (always a good sign) This is also its 50WEMA.
Long above 32.30 just to be on the safe side with this stock.
Would double down if it crosses 2nd marked price of 34.50 and ride it for a long time.

Fundamentally the manage is good and also the overhang of Vodafone Idea which they had already done a large provision for now seems to be gone.

Penafian

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