After a significant downtrend from its All-Time High in September 2023, IDFC First Bank has been in a clear trend reversal since April 2025. This new uptrend has just been powerfully confirmed by a high-volume breakout, signaling strong buyer commitment.
This Week's Decisive Breakout
The past week has been pivotal for the stock, culminating in a decisive technical event:
- Massive Weekly Volume: The stock has surged +9.85% so far this week, supported by an enormous total volume of 207.92 million shares.
- Today's Confirmation: Today's session (Thursday, October 23, 2025) saw a +2.85% gain on a massive 94.12 million shares, confirming the bullish conviction.
- Key Resistance Breach: Most importantly, the stock broke out and closed above a key short-term horizontal resistance trendline that had been in place since July 2025.
Broad-Based Technical Strength
This bullish price action is strongly underpinned by a powerful alignment of momentum indicators across all major timeframes (Monthly, Weekly, and Daily):
- Short-Term EMAs: All three timeframes are in a bullish Positive Crossover (PCO) state.
- RSI (Relative Strength Index): The RSI is also in a rising trend on all three timeframes.
This multi-timeframe alignment indicates that the bullish momentum is broad, synchronized, and strengthening.
Outlook and Key Levels to Watch
With the resistance now cleared, the path of least resistance has shifted upwards.
- Bullish Target: If this bullish momentum continues, the next logical area of resistance and potential target is the ₹90 level.
- Critical Support: The recently broken resistance now becomes the most critical new support level. A successful retest of this level would be a strong sign, while a failure to hold it would be a warning. A deeper support level exists at ₹70, but the immediate focus should be on the new breakout zone.
This Week's Decisive Breakout
The past week has been pivotal for the stock, culminating in a decisive technical event:
- Massive Weekly Volume: The stock has surged +9.85% so far this week, supported by an enormous total volume of 207.92 million shares.
- Today's Confirmation: Today's session (Thursday, October 23, 2025) saw a +2.85% gain on a massive 94.12 million shares, confirming the bullish conviction.
- Key Resistance Breach: Most importantly, the stock broke out and closed above a key short-term horizontal resistance trendline that had been in place since July 2025.
Broad-Based Technical Strength
This bullish price action is strongly underpinned by a powerful alignment of momentum indicators across all major timeframes (Monthly, Weekly, and Daily):
- Short-Term EMAs: All three timeframes are in a bullish Positive Crossover (PCO) state.
- RSI (Relative Strength Index): The RSI is also in a rising trend on all three timeframes.
This multi-timeframe alignment indicates that the bullish momentum is broad, synchronized, and strengthening.
Outlook and Key Levels to Watch
With the resistance now cleared, the path of least resistance has shifted upwards.
- Bullish Target: If this bullish momentum continues, the next logical area of resistance and potential target is the ₹90 level.
- Critical Support: The recently broken resistance now becomes the most critical new support level. A successful retest of this level would be a strong sign, while a failure to hold it would be a warning. A deeper support level exists at ₹70, but the immediate focus should be on the new breakout zone.
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.