#IDFCfirst - same like #ICICIbuy to sell just like ICICI, possible triangle, doublebottom & bearish bat forming
IDFCFIRSTB trade ideas
Possible Rebound (IDFC First)Double Bottom, a tiny one has formed, also there is a teeny tiny divergence in RSI.
Also, the ratio of Price of IDFC First Bank to Nifty has double Bottom.
Seeing a possible rebound amid Covid-19. But it is unlikely because banking sector has been hit hard.
While the quarterly report can be a booster shot for the IDFC First Bank.
## Chart learning ## Bear channel IDFC first bank following long term bear channel in weekly chart. now reversing from the bottom of the channel with strong weekly closing.
IDFCFIRSTB - OPPORTUNITY OF 300% RETURNS IN 2 MONTHSIDFCFIRSTB - OPPORTUNITY OF 300% RETURNS IN 2 MONTHS
BUY @ 14.65 WITH A SL OF 12.15 AND A TARGET OF 41.65. TARGET SHOULD BE ACHIEVED BY MAY-END 2020
Is it a Bullish Sign ?On daily time frame it opened below 60 EMA and Closed above 20 EMA
which is a sign of BULLISH, hope to go upside in a few sessions
I am just a learner and not a professional trader, based on my view
please don't trade, verify at your end before enter into this counter
IDFC FIRST BANK LONG TRADEStock stabilising near support and beginning an uptrend.Buy once it breaks the yellow line upwards.Keep SL of 41.90
IDFCFIRSTB, Trade Idea on Basis of Wave Structure...As per the Last Development (Wave Structure) we are 'Bullish' with Invalidation Level at 37.50.
On the Higher side, we can expect 52.50 Level at an Initial stage...
IDFCFirstB - Breakout trade from a Falling Wedge PatternIDFCFirstB seems to be forming a Falling Wedge Pattern in the Daily charts. A break above 43 could signal a breakout on the upside. Could see upside towards 48-50 band. A fall below 37 could negate the pattern.
Go long on IDFC First BankAfter a long time day candle has closed above the 50 DMA. Sentimental RSI indicator is also green .This looks bullish set up. I would keep a stoploss near 39.50 - 40. My near term target would be 50.
Happy Trading and Investing!!!
CUP and Handle formation IDFC first bank!Looks like cup and handle formation, 15 Rs is height of the cup.. target 65... Looks good on charts !!!
