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srikartiram
Aug 2, 2021 4:34 AM

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

NSE:IDFCFIRSTB1W
IDFC FIRST BANKNSE

Description

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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.
Double Top or BottomCandlestick AnalysisTrend Linesw-patternswingtradingpositional
Comments
tbgokani
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IDFC FIRST BANK gave bad results on this quarter's showed a loss. So let's see.
srikartiram
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@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.
sushant959
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Agreed with your idea.. But i think your SL is too low.. From my point of view Sl should be 42.50.. Isnt it?
tenper100
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@sushant959 check my idea too on this 🙏
srikartiram
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@sushant959, ofcourse it’s personal. We can have more buffer
aakashshah0007
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@srikartiram, what is your call for idfc first bank now ? Please share , stuck at higher range
srikartiram
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@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
aakashshah0007
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@srikartiram, I have been stuck in futures long side since 54
So when do u see reversal? What is your advice
aakashshah0007
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@srikartiram, any suggestions after today's move and closing?
aakashshah0007
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What are your views still ? When do u see reversal?
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