buyBuy around 67-67.7 stop loss 65.5 target 81-83 . Rally can extend to 100-120 over next 8-10 months.
Disc : It's not an investment advise to buy or sell.
IDFCFIRSTB trade ideas
CHART OF THE WEEK. IDFC bank has given breakout above 68.5 after 7 years of consolidation. These breakouts are very very important in technical analysis. The next resistance is somewhere around 81. Both IDFC and IDFC bank has given a fantastic results therefore it is a worth of an investment.
CMP - 69.85 (26/5/23)
T - 81 W
SL - 62 W
IDFCFIRSTB - Weekly AnalysisIn the Weekly Chart of IDFCFIRSTB ,
we can see that, it has given 6 years breakout with Multiple Chart Pattern breakouts.
Let it retest and the enter with SL.
#IDFCFIRSTBANK : LONG , LT downward sloping trendline breakThe downward sloping trendline is broken on a monthly chart with a decent volume. Target : 70, 80
IDFC First Bank breakout possibleIn weekly Timeframe IDFC can be seen having resistance @62-64
If it breaks the resistance then we can see good move upwards from 70-75-80
If it reverse from this then we will see bearish trend in IDFC to around 40 and below.
Disclaimer:
This is not a financial advise. The content is for educational purpose and it is my own personal views.
IDFC Short R/R ratio 5.2IdfIdfc 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.
IDFC First bank may follow this trend if crosses 63 markI have a strong feeling this time IDFC bank will go past the resistance near 63. I will double my position if we break the resistance successfully on day chart. Target is whooping 119-120 per share.
IDFC first bank good set upGood set up for a run up on DTF, WTF...for a leg up to TP 70.-20% upside.
IDFCFRST BANK TRENDLINE BREAKOuTTrendline Breakout with good Volumes in IDFCFRSTBAK.RSI also crossing 60. may provide short term gain in 1-2 days
Does This look Logical ?On Daily Time frame First it is going in Down-ward Channel and then it Shifted to Upward Channel and Now,
We can see the where the price is.
Act Accordingly.
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Stay safe.
Trendline Breakout in IDFC First Bank Ltd...Chart is self explanatory.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
IDFC ShortIDFC Short - Long term trend line break down and overall market bearish. Banking stocks have not been performing for 3 weeks straight in Feb 2023
Idfc first bank Safe zone of entry. Only for education purpose after 70 the movement will be faster on upside
IDFC BANK LTD (INVERTED HEAD & SHOULDER) FORMINGIDFC has been creating the right shoulder of this inverted Head and Shoulder for many days. if it is able to break out above 62, there is quick potential for 69/71. Buy with stop loss 57.
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IDFCFIRSTB chart #trading #banknifty #trader #investing idfc first bank idfc first bank idfc first bank idfc first bank idfc first bank idfc first bank idfc first bank idfc first bank
Symmetrical Triangle IDFC first has formed triangle pattern, breaking above supply zone expected to reach the given target with below demand level as stop loss level
Let's see
'Happy Investing!.
IDFC First Bank with banks and financial sector tailwinds , IDFC first has made with classic Sir Mark Minnervini's VCP formation.
IDFCfirst bank breakout IDFCfirst bank breakout 52w High with volume candle so hold and wait for target
IDFC First Bank - Price Action AnalysisThe trend started from jun 2022 still continuing with the bullish price action in Weekly TF.
Although Its visible that price soon enters into supply zone and also generated Bearish Cypher Harmonic Pattern with level of .786 at price 60.70.
Levels are already mentioned in to the chart.
Any rejection on upper side leads price to 50- 52.
so do accordingly.
If you have other opinion, please share your comment below and like & follow for upcoming great analysis.
Safe Trading ;)
