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
Idfcfirst
IDFC FIRST BANKIdfc first bank is consolidating from long time in a range or we can flag and pole in long term, currently idfc is making second wave or resistance becoming support for this share.
If this can happen we can see 88 in idfc first bank as breakout of this structure or abcd pattern
Thanks
IDFC FIRST BANK As in weekly candle it didn't closed above that green trend line , so it could test below red line or (78 -- 79) level within this week, if sustains above these in weekly then it could move upwards to 96 ( 9th Sep 2024 ) and 120 within or on Nov 2024 or could hit above within K / P Arc
Disclaimer:
It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises.
IDFC FIRST BANK Short term buy setupIDFC FIRST BANK is making a classic running flat on 1 hour time frame, also breakout is happening for upside, you can look to enter in lower time frame with any flag or flat, keep your stop below the breakout impulse, and take profit near mentioned level, also note that mentioned level is a monthly top, so it might reverse after breaking that top or keep going upside so that is level of caution, i won't recommend you hold your trade after price touch that level, even it goes further upside just wait for it to make corrective pattern for further buying.
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.
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Happy & Safe Trading
Positional Buy Trade opportunity | IDFC FIRST BANK | MID-TERMNSE:IDFCFIRSTB
On Daily time frame, it is still trade below 200DMA.
200DMA is placed at 53.05 level.
Also it closed in the resistance zone of 52- 52.50.
It will be bullish once it give sustainable breakout of 54 level or 200DMA.
All the targets are mentioned on the chart.
Please refer below chart : 1day Time Frame.
***************Please note this is my own study/opinion, it is not a trade recommendation**********************
Please Consult your financial advisor before making any investment.
END OF THE DOWNTREND-IDFC FIRST BANKIDFC bank has been making lower highs and lower lows since past few weeks ,but since last few days the things have been changing for it as its clearly seen that the stock is trying to make reversal with a double bottom.Finally it has given a strong closing above its resistance of 52.25 and a healthy pullback.The feather to this trade idea is the option chain data showing huge call unwinding at multiple strikes. the results are yet to be out ,defensive players can enter after the result volatility(if persists) otherwise one can take entry around 52 with SL of 49 and two targets of 61 and 70.trailing your stop losses after 55 is suggested as we would see some healthy pull backs which would either help in pyramiding or taking multiple swing entries
Swing Trading Opportunities for W/B 16-8-21TRADING WATCHLIST FOR W/B 16-08-21
INTENT
This is a new series of periodical posts where I would share the scrips that I come across and find good to keep on my radar for the next trading session/s. The post may not be a daily feature as it depends on whether I am able to find some opportunities.
I will only be sharing the time frame and the scrip name. I will leave the trade basis aside as the intent is to engage the reader in learning the basics of finding good scrips. You can have a look at the charts and place your favorite indicators and check it out if any of these fit your trade plan.
Whenever possible, a corresponding video would also be shared so that the reader can look at the charts and listen to the commentary as and when needed.
ON MY WATCHLIST FOR W/B 09-08-21 --
This is a weekly review of the available opportunities so my time frame for analysis moves from Daily to Weekly and from Hourly to Daily. Here are the likely candidates for the week -
WEEKLY TIME FRAME- FOR LONG POSITIONS
IDFC FIRST BANK
PNB
RBL BANK
AURO PHARMA
CHALET
DAAWAT
GM BREWERIES
ICICIGI
LIC HOUSING
MOTILAL OSWAL
SADBHAV
Even though on a weekly basis Nifty has made an ATH close, there are several scrips across sectors that have been beaten down and many are below their 200 DMA, WMA as well.
I read it both ways -
Either
There is scope for Nifty to go up further as these scrips would eventually move up.
Or
Nifty may consolidate or drift until the overall market turns bullish for several leading names as well.
SECTORS LOOKING GOOD FOR LONG POSITIONS-
BANK NIFTY
CPSE
ENERGY
FIN SERVICES
During the week, the universe of my stock search is limited to Nifty, Banknifty and my holdings only. I expand the base for the weekly review so you may not see many names appearing here and may see repeats as well.
Ideally, the best candidate would be the one that features in both the lists. I may / may not take these trades as not every opportunity should / can be traded.
I believe that it is better to help someone learn the technique of selecting good scrips than giving tips - in any case, I am not SEBI regd so I do not have the authority as well to do so.
In case you are able to spot the set up and the trade basis, please do share so that together we can learn.
Thank you for your time and Happy Learning,
Umesh
14-08-21
Disclaimer -- This post is shared for learning and educational purposes only and in no way acts as a recommendation. I am not a SEBI regd trader so please either decide your trades/investments on your own or consult your financial advisor before making any trades.
📊 IDFC FIRST BANK 🎯NSE:IDFCFIRSTB
As one can see stock at harmonic PRZ, so you know how to trade on reversal then one can go long with given Stop loss. this might be good swing trade if stock will get support from this harmonic PRZ.
PZR 1:- 54.15
PRZ 2:- 53.80
Stop loss:- 53 ( closing basis) please follow this stop loss strictly if you are trading on this.
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******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.