IDFC : How to identify change in trend?

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IDFC was one of the worst performer stock but what was the signal that forced the stock to change the trend?

The answer to the above question was only possible with help of advance technicals like Gann Analysis and simple technical analysis such as channels, Fibonacci retracements etc.

 IDFC Daily Chart
 



Analysis:                            
From the above daily chart we can observe that prices are moving in a down trend but in the 1st week of June prices showed a reversal pattern. We have also used price and time grid to find out the change in trend.

Price and time grid is very important not only to find out change in trend but also helps us to determine important support and resistance levels.




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