IDFCBank First bank is at the verge of a breakout and looks good to buy above trendline for marked targets on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
NSE: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...
IDFC 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...
TRADING 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...
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.
Be Independent...
IDFC FIRST bank -
THIS SCRIP currently going 4th correction and its sub-wave "B" "C" is bending. once this scrip complete 4th correction we will expect 5th impulse.
Many Chart Patterns here:
Many Inverse Head & Shoulder
Target 38.
Thiough in the short run crossing 32 would be a challenge as the momentum indicators have got oversold.
