IDFC First Bank: A chance to enter from long term perspective

IDFC First Bank

- The stock has recently saw a rally from 28 odd levels to 53 levels in 3-4 months
- thereafter the stock has seen distribution at 50 odd levels
- now the stock has seen a correction of approximately 13% from the top


If some one has a long term perspective, one may consider buying the stock in parts

50 day EMA is around 45
200 day EMA is around 42

Have plans and preparation to accumulate the stock, if you see the above levels

Target 66 / 80

Take care & safe trading...!!!

Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be

Comment:

IDFC First Bank
CMP 53.60

Short term traders may consider to book some profits here between 53.50-54.50