The rally is over

420
IDFC Bank CMP 68

Fib - the retracement to 38.2% is weakness. Can it go higher??

Candlestick - Four small candlesticks in a row around the resistance is indicating reversal.

Trendline - this further cements the zone as a strong resistance.

RSI - the rally has brought the RSI to the bear zone. This is telling me the fall is not yet over.

Composite - the oscillator has given -ve divergence confirming the reversal.

Conclusion - the rally is over. And now the TIME has come for this counter to correct. My first tgt is back to the base at 52.

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