IDFC: Post complex correction pattern

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From the daily chart of IDFC, prices consolidate before the mammoth move till 43. Prices are moving in a declining channel but the stock was near the support of the channel thus indicating a short term bounce.


From Wave perspective, prices completed  the last leg of a complex correction wave y. In wave y it completed diametric pattern and started a new leg on the upside.

IDFC Daily Chart

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