The Elliott Wave Structure is the Elliott Wave Theory's description of the structure and pattern of price movements in financial markets. The Elliott Wave analysis shows that the stock has completed waves (i) and (ii), which appear as blue numbers on the daily chart. Wave (iii) appears to have five sub-waves. The red color of wave (iii) indicates the completion...
I have added my view on IDFC first bank for swing trading analysis And also added target 100rs with stoploss
Date 10th April 2024 Time: 3:30 IDFC FIRST BANK was in a correction from last year's Sept. After showing full correction Wave At the end of March it Gap Down and from 1st Day of April it Started moving up seems like its short covering . But More Confirmation for going long is on 8th April IDFC Gap Up and Going upside continuously. and finally,...
price is at the edge of breakdown 1. 50 day EMA crossed 200 day EMA downward 2. price rejected from 200 day EMA and aslo horizontal trendline 3.price breached 18 day EMA downwards with huge volume and was followed by bearish inside bar 4.today candle breached 50 day EMA (last EMA support ).however volumes was not convincing target and SL marked
out from pervious trend or you can say wedge. This is downward wedge which is broken upward. no more want to describe more. check once with your strategy. Yeah I can share that this stock is short listed by daily analysis on (willams % R Length 100), condition is, in daily time frame it should be less than -50 & grater than -80.
IDFC FIRST BANK has shown a good breakout after a long time correction. the stock is showing further bullishness. do your own study before taking any trades.
Bullish head and shoulder formed in IDFC First bank and waiting for closing above the neckline, once we get positive closing above the neckline then we are expecting the good move in upside in upcoming days. Thank You Arvind Yadav, Cfa Arvind Share Academy
Chart Pattern: Flag and Pole Entry Activated: Buy at Current Market Price (CMP) ₹84.80 Stop Loss (SL): ₹73.50 for risk management Targets: Target 1: ₹120 Breakeven: ₹100 Monitor price action and adjust stop loss to breakeven as the trade progresses. Evaluate for potential target achievements based on the chart pattern. #IDFCFirst #TechnicalAnalysis #FlagAndPole...
IDFC First Bank CMP 80.50 The counter is down 5 % today, which is the quarterly results impact. Technically this stock is exhibiting strength. The correction to 75 was 38.2% from a higher swing an indication of strength. Hence todays correction is a buying opportunity. T1 is 112 T2 -135
Buy near 76 sl close below 75.5 easy tg 77.3 Not suggested Disclaimer : This is my personal analysis for study purpose not intended for trading.
Strong support at 75-76 level. Recently stock has given breakout of higher low trend. Next target would be above 105
Reasons: 1. The stock has broken the long term resistance (On weekly chart) with good volumes. 2. Earlier took support on 50% Fibo.
idfcfstbnk looking good for upcoming days focus on this stock
mini-bottom done however 69-64 would have been better price to enter for long term from there it may give 40% upside
in case bank nifty and nifty performs well ,idfc can also see upside
Chart looks good for long-term. Breakout retest is being honored. Risk reward looks favorable For tracking purposes only.
Buy IDFCFIRST Bank at 86 tgt 101, 147 sl 80 Put Stoploss on closing basis. (In Trading Time it may go above/below stoploss But closing price is most important). These are levels are generated on the basis on Fibonacci Series Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Please understand...
Friends have a technical upside move seen for IDFc first bank as per my view…comment ur view…it is for educational purpose only..hence please take decision own..thank you.