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Shepherdofdalalstreet

IDFCFirstB - Breakout trade from a Falling Wedge Pattern

Long
IDFC FIRST BANK (NSE:IDFCFIRSTB)  
Shepherdofdalalstreet  
NSE:IDFCFIRSTB   IDFC FIRST BANK
Trend Analysis Technical Indicators Chart Patterns
3
0
trendanalysis indicator chartpattern
IDFCFirstB seems to be forming a Falling Wedge Pattern in the Daily charts. A break above 43 could signal a breakout on the upside. Could see upside towards 48-50 band. A fall below 37 could negate the pattern.
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