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Abhishek_TradersSin
Oct 14, 2021 9:40 AM

IDFC FIRST BANK "Udega" ?  Long

IDFC FIRST BANKNSE

Description

I have added all the required details in the page and it looks like a flag and pole pattern breakout along with falling wedge pattern. Can bet good on it ! I am in !
Comments
maxbhuti
I think in above analysis, 2nd high position is not covered in flag. If its covered then the breakout which u r showing on last traded day, that breakout is yet to come @~50. I'm also betting on it. Eagerly waiting for Oct'30 results. Hopefully breakout comes with big earnings
Abhishek_TradersSin
@maxbhuti, Their home loans has already started kicking in with 10% QoQ up. The bank is yet to jump into cross-selling which most banks do. My bet is long, technicals is just a way to add more going forward.
maxbhuti
@Abhishek_TradersSin, yes. even their retail loan business also picking up, i am seeing their offers on credit cards which are going to be block buster.
Abhishek_TradersSin
@maxbhuti, Precisely. Time to bet big :P
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