IDFC
#IDFC ready for buy? @in_tradingviewNSE:IDFC
IDFC Positional Buy
RSI making higher highs
Price supporting At 31.5
Breakout above 35.6
T 38, 40, 42, 48
Sl - 29.4
IDFC CAN BE BULLISH SOONin.tradingview.com
This is my opinion on IDFC LTD do your own research before taking a position.
Happy Trading!!!
2018 Sept 17 Trade Plan for IDFC, next target is 60.20
IDFC: On the basis of volume as well as Marked Delivery, it is preferred choice. As per my data analysis there is a financial institute action or High Net Worth buying or Operator move emerged in the counter, resulted more than 70% marked delivery. This is the highest marked delivery value in the calendar year, (i had excluded 28th March. It was the day before year’s final future session, it seems it was ritualized JV between Funds.)
Considering volatility of 14th Sept. session (+40), it seems that it was one of the the rare combinations of volatility as well as marked delivery.
Chart it is suggesting next top level of 60.20. Of course, it is in my intraday gainer list for target of 51.30 Swing target is 55.30
In short, after a long time, IDFC is in Intraday, Swing and Investment list.
Trade Plan : I am going to buy in the first few candles, of course below 51.35, The assumption is, in the Morning Euphoria, to take the first move advantage, the counter shall move higher to form Higher High. I Shall book 50% at that rate, as intraday trader. Since i have long term view, my planned SL is 48.10, But i shall hardly triggered Stop Loss at that rate, as share had formed few technical patterns from June 18 to Sept 18. like rounding bottom, formation of cup and handle, recently it had crossed 10 DMA as well it is above 50 DMA. 200 DMA is few points away.
Smile.
IDFC Trade Coming up!IDFC could break out from its longer term resistance, leading to a strong rally. Or break down below its short term support trend, which would be a good time to initiate shorts. Will observe closely and take position accordingly.
IDFC Falling Wedge BreakoutIDFC has been moving in a falling wedge since 2018, currently testing the upper edge. Awaiting a breakout/reversal . ALso a possible Cypher in the making.
IDFC BANK ConsolidatingIDFC BANK has consolidated and soon could see some carry on buying, followed by a new trend...the continuous flirting of the 50 EMA with 200 EMA at short intervals is an indication of a price consolidation and trend consolidation. There's a move soon to be expected.
(There could be a reverse merger with IDFC possible as per the rumors, in that case exit the trade)
IDEA ready for breakoutNSE:IDFC
Trend line breached, ready to launch if it doesn't break 53.3 mark. can expect to rise till 64 by end of april
IDFC LONG : Descending Channel Breakout IDFC price was moving and forming the descending channel. It has broken the channel thus offering a long trade with small stop loss and good risk to reward ratio. Price can easily climb till the previous range doubling area. I would provide Stop loss some ticks below of last bar on closing basis and look for a target of 58.8. RSI reading of 60, coming out of oversold area is confirming the idea of a long trade.
Channel InsideDay The Stock is in downtrend and formed a down sloping channel. Inside Day after the upper line touch may be significant and reverse the short term up move. If it starts trading below the low made on 30.12.16 I would short with stop loss of 54.75.