srikartiram

IDFCFIRSTB | Strong support zone + W Pattern | Potentially 40%

Long
NSE:IDFCFIRSTB   IDFC FIRST BANK
IDFCFIRSTB | Strong support zone + W Pattern | Potentially 40%

CMP : 51 (Dip : 48)
SL : 40
Target : 67, 81

Good for long time also, can hold with conviction.

Comments

IDFC FIRST BANK gave bad results on this quarter's showed a loss. So let's see.
+3 Reply
srikartiram tbgokani
@tbgokani, I'm just a technical analyst. I dont know to intrepret the results and events. For me its 10% stoploss here and upside we have more room.
+7 Reply
Agreed with your idea.. But i think your SL is too low.. From my point of view Sl should be 42.50.. Isnt it?
+1 Reply
@sushant959 check my idea too on this 🙏
Reply
srikartiram sushant959
@sushant959, ofcourse it’s personal. We can have more buffer
Reply
aakashshah0007 srikartiram
@srikartiram, what is your call for idfc first bank now ? Please share , stuck at higher range
+1 Reply
srikartiram aakashshah0007
@aakashshah0007, Unless you are in leveraged position, nothing to worry. Its entire banking sector problem, not limited to this particular bank. Just this pattern is failed to sustain, will share new pattern in 1-2 weeks. I'm also holding for a long time
Reply
aakashshah0007 srikartiram
@srikartiram, I have been stuck in futures long side since 54
So when do u see reversal? What is your advice
Reply
aakashshah0007 srikartiram
@srikartiram, any suggestions after today's move and closing?
Reply
What are your views still ? When do u see reversal?
Reply