advertoze

IDFC FIRST BANK LONG

Long
NSE:IDFCFIRSTB   IDFC FIRST BANK
Here you can see a triangle has been formed, the rally after breakout has somewhat exhausted yet, the price is taking support from the 200MA which is a good sign for the stock to still go higher.

You can take a position if you want on Monday, @33.20, and Target for
1st Target: Between 36 to 37
2nd Target: Between 41 to 42

SL: Look for a right SL in a smaller time frame (Eg: 15 MIN) you can see a good SL @32.75

OVERALL Risk to REWARD Ratio: 1:5 for the first target,
1:8 for the second target.

Comment your VIEWS on THIS

Disclaimer: Just for Educational purposes. Not financial tips or advice.

Comments

should i close my short position? i took short position in sep fut at 32.80. seems my bad luck. please suggest your view.
Reply
advertoze cryptosmarty777
@cryptosmarty777, I don't really practice in Futures, so I'd rather choose to not give you any speculative and specific suggestion to you. But there's one thing, my analysis shows and might help you, is that, if this doesn't go down and hit the 32 mark on Monday, then definitely it will go up. Again, just a suggestion, please take help from my suggestion rather than making a decision. Although I'm really concerned that maybe I couldn't help you but, I'd feel very glad if my analysis could help you even a little bit.

Regards
Reply
@advertoze, today it closed at 32. i closed my short position in profit at 32.50 :) i think uptrend continues! will make long again after confirmation.
Reply
advertoze cryptosmarty777
@cryptosmarty777, That's great. The market was bearish today and might continue this re-correction, so IDFCFIRSTBANK might not go up this week, but in longer term, market is very bullish about IDFCFIRST and saying it to be the next HDFC BANK.
Reply
vsr937 advertoze
@advertoze, if AGR verdict tomorrow favours Vodafone, expect Idfc first to touch 34 .
Reply
@vsr937, If positive then minimum 15% up for tomorrow! :)
Reply
@vsr937, Thanks.
Reply
@advertoze, absolutely, i am very positive on idfc first bank. :)
Reply
advertoze cryptosmarty777
@cryptosmarty777 , @vsr937 Will make a LONG term position on IDFC first in Cash. by the way, what do you think about market (Nifty) ? will it continue to be bearish?
Reply
@advertoze, dollar is getting stronger plus if tomorrow moratorium interest waiver hearing is positive,
then BN should do min 26k before this month expiry, nifty should follow 12k
but cant say about idfc first,
bcz AGR verdict is bad for idea-voda so now idfc first will follow it(things may change if they file review petition).
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out