Long
IDFC - Potential Bullish Reversal
$NSE:IDFC is at the key support level formed by fibonacci cluster. It is also at the PRZ level of Bullish Gartley Harmonic PRZ pattern. Volume Zone Oscilator is also in the oversold zone. It might do a bullish reversal from here.
Gartley PRZ pattern requires below criteria:
XAB - 0.618
AC - 0.383-0.886
BD - 1.272-1.618
XD - 0.786
Gartley PRZ pattern requires below criteria:
XAB - 0.618
AC - 0.383-0.886
BD - 1.272-1.618
XD - 0.786
Note
The price reversed from PRZ level as expected and rallied higher making new high.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.