IDFCFIRSTB trade ideas
IDFC FIRST BANKThis stock is in down trend since September 2023 after touching its life time peak of 100
as on 9-May-2024, the stock is trading @ 76.5 and in over-sold region . Immediate supports are seen @ 75 if this level is breached then the stock goes to 70.9 and 64.2 levels in near short term
I strongly feel that the stock will take a reverse trend from 75 levels and reach to immediate resistance of 82.65 and next targets are 86.15, 89.8 and 92.85
accumulation zone above 75 and time period expected 4-6 months to reach the targets
IDFC FIRST BANK - Looks good but...WEEKLY OVERVIEW:
My Overview & Observation:
1. Bullish in W TF but D tf price structure is still bearish making LL-LH.
2. Confirmation is pending for reveal.
Trade Plan:
WE WAIT FOR BULLISH STRUCTURE FORMATION FOR ENTRY BECAUSE IN D TF PA IS BEARISH FOR NOW LET IT CHANGE TO HH-HL - ONLY AFTER THAT WILL PLAN FOR A LONG POSITION
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
idfc first bank chart analysisIdfc first bank chart analysis on daily time frame. Please share your valuable inputs.
Idfc first bank LongElliott Wave analysis is a technical analysis method used to forecast market trends by identifying extremes in investor psychology, highs and lows in prices, and other collective factors. It is often used for stocks, forex, and other financial instruments.
To perform an Elliott Wave analysis on IDFC First Bank on a daily time period, you need to follow these steps:
Data Collection: Gather daily price data for IDFC First Bank. This includes open, high, low, and close prices.
Chart Preparation: Plot the daily price data on a chart.
Wave Identification: Identify the waves according to Elliott Wave principles:
Impulse Waves: These are the main movement waves, consisting of five waves (labeled 1, 2, 3, 4, 5).
Corrective Waves: These are the counter-trend waves, consisting of three waves (labeled A, B, C).
Wave Rules: Apply Elliott Wave rules to validate the wave counts:
Wave 2 cannot retrace more than 100% of Wave 1.
Wave 3 cannot be the shortest of Waves 1, 3, and 5.
Wave 4 cannot overlap Wave 1 in impulse waves.
Projections and Extensions: Use Fibonacci ratios to project the lengths of the waves.
Let's begin by plotting the daily price data of IDFC First Bank. If you have the data ready, you can upload it. Otherwise, I can use sample data to demonstrate the analysis.
Do you have the data file to upload, or should I proceed with a general explanation and example?
IDFCFirstB_11.06.2024Retracement completed well. Looking for a spike soon with volumes. Great chance for short term traders with small risk.
IDFC FIRST BANK 1MINVERTED HEAD AND SHOULDERS PARTTEN IS OBSERVED.
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I Am Not SEBI Registered Analyst. All Post and Levels Posting is only for educational and knowledge purpose. I Am not responsible for your any kind of loss or profit.
No Claim, All Rights Reserved.‼️
IDFCFIRSTBHi guys, In this chart i Found a Demand Zone in IDFCFIRSTB CHART for Positional entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
IDFC first bank can be averaged in this range again. Looks decent to buy till the stop loss. This stock is in good support region. Those who missed the rally of this stock can try here. For existing users we can avg buy here.
IDFCFIRSTBBuy Entry @ 83
Target @ 93
Stop Loss @ 79
Risk / Reward Ratio RR 3
Note: Please leave comments for any query.
Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.
Best of luck..
Shakthi
IDFC First 4H ProjectionIDFC First 4H Projection
Market is Bullish and also breakout trendline so, if nearest resistance break then buy for long term.
Idfcfirst buy 84 Sl 76 TGT 99Idfcfirst bank continue in range. Today break 84 plus trade. Now TGT 99 SL 76
Falling wedges and Flag and Pole Breakout in #IDFCFIRSTBIDFC FIRST BANK has formed falling wedges and a bullish flag and pole pattern.
Today it has broken out again after the retest, taking support from the support trendline.
One can initiate a long position in this counter with mentioned:
Entry, stop loss & Targets.
IDFC FIRST WILL HIT 100/SHARE?🤫Hi Guys, It looks like IDFC FIRST has given a breakout from a Falling wedge, everyone will thought that it will directly hit Rs 100, but it will be not like what others think. There is a resistance on 89-90 Which might become the reason that IDFC will again trade around Rs 80.
What a person who bought around 85 can do..? He can hold and wait till it breaks Rs 90 my personal view is to HOLD & ADD more shares on pull back.(not any recommendations). The reason is (1) Break out from falling wedge (2) the high chances of golden cross becoz price is above 50MA and about to break 200MA so 50MA will move upward and cut 200MA.
Idfc firstb ank#Idfcfirstbank is ready for strong rally . It is going to show a very phenomenon growth in next few quarter like tata motors has given in past few years . So keep your eyes on it .
IDFC - 1 Year view Long Term - Needs push - IDFC is suggested alot by many youtubers so fundamentally might be strong - and technials say also that a big move will be anticipated given,
IDFC First Bank is in the great position for longIDFC First Bank is in the great position for long. If it close over the trendline in daily basis it would easily give us a target of 120 with minimal risk.
IDFC First: First choice?important horizontal resistance and trendline has been crossed which has confirmed the BO. To be doubly sure, can wait for it to stay above 84 on friday. Can be a upmove counter!
Analysis of IDFC FIRST BANK idfc first bank elliot wave analysis this stock complete .
this stock target 100
Hammer candle on weekly frame1) All time high @ 100.85
2) Range 93.55 to 96 seems to be strong selling zone with small support(acting resistance) range 86.65 to 87.95
3) Strong resistance range 81.42 to 82.55 since all time high in 2016 and breaks the level in 2023
4) Hammer of 4.5% forms in weekly frame taking long position with target of +3 points in coming week
Expectation : - If target of 3 points are achieved, we can expect further movement for range 86.65 to 87.95 range near (acting resistance)
** logic : with target being hit, price also breaks the current resistance, fi momentum persists we can see movement forming another swing so that trend can be formed **
IDFCFIRSTB - Possible BreakoutIDFCFIRSTB Possible Breakout.
CAUTION : Only Enter after if the weekly candle closes above 86 with good volume.
T1 - 100
T2 110
This is not an Investment idea Kindly do ur analysis and trade accordingly.
IDFC First Bank Positional3-2-2024
Buy IDFC First Bank above 94.90
for the Target of 133.85 & 211.70
SL 65
Strategy : Breakout & Retest + EMA above 20 & 50
Duration few Weeks
