IDFCFIRSTB

In a Sunday shocker, IDFC First Bank disclosed a ₹590 crore fraud at its Chandigarh branch involving government entity accounts. The stock opened with a massive gap-down today, hitting the lower circuit/limit as investors reacted to the internal security lapse. The Setup: The Crash: The stock is currently trading near ₹75, down nearly 15-20% from its previous levels. Technical Damage: This move has obliterated all short-term supports (50-day and 100-day EMAs). We are now testing the "psychological" floor of ₹70–₹72. The RSI Factor: RSI has plunged into deep "Oversold" territory (<25).