IDFCFIRSTB Monthly Chart

📉 Recent Price Context

The stock recently plunged sharply (up to 20%) after fraud disclosure news, hitting lower circuit near ~₹67-70 range.

This means yesterday’s price action reset many short-term setups and made prior levels less reliable until consolidation stabilizes.

📊 Key 1-Month Technical Levels
🔹 Resistance (Upside)

These are levels where price may face selling pressure if it attempts to recover:

~₹77–78 – Initial resistance zone from recent swing high attempts.

~₹81–83 – Mid-term resistance area (previous pivot/average area).

~₹85–87 – Upper resistance near recent 52-week highs from prior trend history.

These resistance points are derived from historical pivot points, SMA levels, and prior recent price clustering before today’s plunge.

🔸 Support (Downside)

Important zones where price may find demand / bounce:

~₹67 – Short-term support and recent low (lower circuit).

~₹64–66 – Next support band from the 52-week range lows.

~₹60 – Psychological deeper support if panic selling continues (approx).

📌 Pivot Reference Areas

Some pivot and classic technical levels that were noted before extreme volatility:

Pivot point ~₹82–83

Classic support 1 ~₹80

Classic resistance 1 ~₹86-87

These help in identifying potential intraday/intra-week balance zones once trading stabilizes.

📈 Technical Indicator Context

Even before recent sharp moves:

Oscillators indicated a mixed/neutral to bearish tone on the short term.

Pivot and moving average pivot zones were signalling price congestion near ~₹80-83 zones.

This means the trend was choppy near the current price range even before the plunge. Combined with news-driven volatility, levels may shift quickly as markets digest developments.

⚠️ Important Note

The recent sharp 20% drop driven by reported fraud issues has created extreme volatility and may invalidate many pre-existing technical patterns and pivots until volatility subsides.

If you’re using these levels for intraday or short-term trading, watch for new consolidation and volume confirmation first before relying heavily on old pivot/resistance metrics.