Over a period of a year, IDFC HAS BEEN TRADING IN A POSITIVE TRENDLINE.
Now according to me, with averages in place, still I think this stock would either be stuck in a range of 172 to 184. Or it will start running out of steam probably after touching 187 / 188.
Weekly charts are promising, so probably after some downside till 165, it would resume its trend further...
Why am I using will or would is coz i am not quite sure if the bulls are ready to give up the gains so fast.
Now according to me, with averages in place, still I think this stock would either be stuck in a range of 172 to 184. Or it will start running out of steam probably after touching 187 / 188.
Weekly charts are promising, so probably after some downside till 165, it would resume its trend further...
Why am I using will or would is coz i am not quite sure if the bulls are ready to give up the gains so fast.
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