Last movement of IDFCFIRSTBANK with such pattern formation was from 40 rs to 100 rs. Now stock is at 70 with similar pattern and similar retracement. I think this could be groundbreaking with positive new like amalgamation of IDFC FIRST BANK and IDFC LTD. If all works out could my targets are 118.
IDFC First 4H Projection Market is Bullish and also breakout trendline so, if nearest resistance break then buy for long term.
IdfIdfc NSE:IDFC Shorting on daily timeframe. Risk to reward ratio: 5.2 Never trade a short without a stoploss. *Not a financial advice. My charts speaks louder than words. I'm a chartist and I paint charts.
My positional view on IDFC LTD NSE:IDFC After a long bull run, IDFC can correct up to 61.50 and 57.10. This could be best level to go for long again. My target will be level of 77.70 Stop loss will be 52 Note: This is my personal analysis, only for learners.
IDFC First Bank Now Trade @ 38.50 support Price If break out below this level it will come Around @ 33 (Next Support)
Idfc first bank gave a beautiful long breakout on 23 april and consolidating after that in a range, We can initiate buy at 53.80 or above 55.55 for a good target Follow for more