IDFC First Bank is facing a crucial resistance zone

IDFC First Bank is facing a crucial resistance zone around ₹87–₹88, where the price has previously struggled to sustain higher levels. If the stock gives a decisive breakout above this zone and sustains above it with strong trading volume, the previous resistance could turn into a support zone, strengthening the bullish outlook and creating the possibility of a further rally toward the ₹90–₹95 range and potentially higher levels. A successful retest of ₹87–₹88, followed by bullish price action and higher-low formation, would provide additional confirmation of the breakout. However, if the price fails to sustain above this resistance, it may continue consolidating or face selling pressure; therefore, traders should wait for a confirmed breakout rather than anticipate it. Technical Analysis | Educational Purpose Only | Not Investment Advice.