dhondgeamol

IDFC FIRST BANK DAILY TRENDLINE GOOD PLACE TO GO LONG buy

Long
NSE:IDFCFIRSTB   IDFC FIRST BANK
REASONS TO GO LONG:
> PINK ZONE 46 previous resistance can act as a very good support.
>@ DAILY trendline so upwardtrend is still intact unless it breaks it.

We can enter @cmp with SL: 44 IF it breaks that level then we might see 36 33 levels.

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Comments

hey i have 50CE positional, bought when stock price was 48.20...; it went upto 49.45 (didn't break intra day high). although i should've booked yesterday... but didn't. so what's your view for tomorrow? (for intra day purpose). as it's still bearish. and what's ur view on idfc first based on yesterday's trading session?
+1 Reply
dhondgeamol newbieintrading
@newbieintrading, If you observe daily chart 200 ema is exactly @50 level which is round no. so it has to break 50 .once 50 is breaked we might see a big rallly. purely news driven scrip you should have made position in cash
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yeah ...i saw that. actually i bought it for intraday purpose... and in last half it was gaining the momentum, but forgot to close the trade ... anyway ..thanks for the reply
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Is today's closing considered a good one ?
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dhondgeamol aakashshah0007
@aakashshah0007, yes it recovered almost 5% from bottom good candle. but ill be waiting to break 50.
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aakashshah0007 dhondgeamol
@dhondgeamol,
According to midcaps and idfc first bank performance do u see 50 getting broken up with volumes in near term ?
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dhondgeamol aakashshah0007
@aakashshah0007, antthing could happen im neutral ,purely news driven scripe,
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aakashshah0007 dhondgeamol
@dhondgeamol,
Sir what is ur call after today's session? Broke 44 once but closed above 44 , can we expect reversal or a good bounce back ?
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dhondgeamol aakashshah0007
@aakashshah0007, Exit no hope it has broken 44 level ...
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Any intraday target?
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