IDFC supports the tested Trendline (Technical Analysis Mumbai Training.)

Today on 4th June 2014 our Technical Analysis  team has pulled a stock from Finance Sector– IDFC. 

Here are some facts which we have gathered on IDFC:-

1) Support 5 times tested trendline from the 14^th March 2014 to 4^th June 2014.

2) You can see the following image when Price is decreasing then Volume is 
     Decreasing and when Price Increasing then Volume is also Increasing . This 
     signifies higher possibility of stock will move up.

3) Stochastic is upward direction. 

4) Positive RSI: Here in the following image you can see that RSI is moving upward 
    direction.

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      would like to share knowledge what we have learnt.

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