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Idfcanalysis

IDFC FIRST BANKI am posting this idfc first bank chart third time, idfc bank in 4th elliot wave as per bigger time frame chart it will need to form 5th wave. we can see a corrective wave of abc to form 5th wave so I am sharing two cases in this script: - in 1st case if last low doesn't broken it will come around 71.35 then it will go around 95 target - in second case it will go below last low around 69 levels then it will go around 88 levels, it will give breakout of 84 zone Thanks
NSE:IDFCFIRSTB
by THINKLIKEATRADER
Potential Breakout Opportunity: IDFC Channel Breakout Above 115IDFC (Infrastructure Development Finance Company) has been exhibiting a promising setup on the daily timeframe. The stock appears to be on the brink of a significant breakout above the key resistance level of 115. Technical Analysis: Channel Formation: Over the past several trading sessions, IDFC has been consolidating within a well-defined channel pattern. Resistance at 115: The stock has repeatedly tested and respected the resistance level around 115, indicating its significance. Increasing Volume: Accompanying the recent price action, there has been a noticeable increase in trading volume, suggesting growing interest and momentum behind the move. Potential Trade Scenario: Breakout Confirmation: A decisive breakout above the 115 level, ideally accompanied by strong volume, could serve as a bullish confirmation signal. Target Projection: Upon a successful breakout, the next immediate target could be around the 132 mark, representing a potential upside of approximately 15% from the breakout point. Stop-Loss Placement: To manage risk, traders may consider placing a stop-loss below the breakout level to protect against potential reversals. Please note that trading involves risk, and it's essential to perform your analysis and consider risk management strategies before executing any trades. Keep a close eye on price action and volume dynamics for confirmation of the breakout scenario outlined above. Disclaimer: This analysis is for informational purposes only and should not be construed as financial advice. Always do your research before making any investment decisions.
ILong
by CyborgTradingHub
IDFC First Bank - BreakoutHello All, Greetings! IDFC Bank Shows Breakout it has been very clear that IDFC Banks Chart shows clear breakout from from Downtrend Triangle Pattern. Important Things 1. This is only for educational purposes only. 2. Never over trade. 3. Always keep Stop Loss. 4. Trade in limited quantity. 5. Taking a small loss is better than wiping up your capital. I hope you found this idea helpful. Please like and comment. Share with Your Friends. Keep Learning, Happy & Safe Trading
NSE:IDFCFIRSTBLong
by NikhilChoudhary2023