Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

IDFC Still Testing my patience

21 sec read


 

CMP : Rs 93.80

IDFC Still testing my patience. Upside now limited to 97… the upside band is getting 
decreased day by day…. And this is not a huge consolidation…. It may be a good
breakdown pattern below Rs 88


Tracking this pattern right from 02, Aug, 2008 onwards just have a look
Descending Triangle Pattern in IDFC 

IDFC 30 min Charts

And from the inference of 30 min charts IDFC giving a good clue to short
IDFC futures for a target of 90 and 88. And Breaking below the support
could make this stock to crack for a further target of 78 and 75

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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