IDFC First bank CMP 48.5

22 set 2021

IDFC First Bank - 48.5, It is in the formation of cup and handle pattern. Its 200EMA is 48.85. If it goes above 48.85which is incidentally the handle breakout point, it can go up to 49+depth of the cup from handle breakout point is 8 points. Means it can go up to 48.85+8= 56.85, with a sl of 47 on closing basis. This is for educational purpose only and any trades shall be done after consulting financial experts.