Today's Opening - 46
Today's High - 46.4
Today's Low - 45.5
Today's Closing - 45.6
I am writing on this stock for the first time ever. IDFC Bank is an Indian banking company with headquarters in Mumbai that forms part of IDFC, an integrated infrastructure finance company. The bank started operations on 1 October 2015. IDFC received a universal banking license from the RBI in July 2015. On 6 November 2015, IDFC Bank was listed on BSE and NSE.
Today's High - 46.4
Today's Low - 45.5
Today's Closing - 45.6
I am writing on this stock for the first time ever. IDFC Bank is an Indian banking company with headquarters in Mumbai that forms part of IDFC, an integrated infrastructure finance company. The bank started operations on 1 October 2015. IDFC received a universal banking license from the RBI in July 2015. On 6 November 2015, IDFC Bank was listed on BSE and NSE.
Negative closing today for the fifth day in a row, with volumes on the higher side. These are dangerous signs.
The stock has closed lower than the 5-day Exponential Moving Average for the past five days and has been that way for almost four months now. In fact, for most part of the past two years, the stock has been rarely crossing the 5-day EMA.
The 2-day Relative Strength Index has remained below 50% since 25th Jan.
The 12, 26-day Moving Average Convergence Divergence has remained negative for more than three months now.
For the past six weeks, the 20-day Commodity Channel Index has been continuously negative.
The Negative Directional Index has been stronger than the Positive Directional Index continuously since 20th April this year.
IDFC Bank has a strong support at 44. In case 44 is broken, the stock can come down to 43. The stock has a resistance at 48.5 but the stock is showing no signs of pulling up. Keep accumulating the stock on every dip with a long-term view.
Comments
Post a Comment