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IDFCFIRSTB

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
Multipattern Analysis on IDFC First Bank!NSE:IDFCFIRSTB Analysis! Multipattern Analysis on $NSE:IDFCFIRSTB! Analysis on a Weekly Timeframe! Analysis: I have done the overfall analysis of IDFCFIRSTB since its inception. It looks very complicated but if you know all the patterns it is just like anything. I have combined all the patterns with the Support and Resistance Trendline. Don't get confused. Read the chart thoroughly and you'll get a better idea of where to enter and where to exit. As you can see in Chart 3 most important reversal patterns are there. 1) Triple Bottom Pattern 2) Double Bottom Pattern 3) Inverted Head and Shoulders Pattern Now the price is moving in a parallel channel but we can see the Flag and Pole Pattern Formation is going on. Aggressive investors can enter at current price levels as the price is above 50EMA. But my suggestion would be to enter only after the upside channel breakout. Trade Setup: Entry= Current levels are good for aggressive investors. Conservative investors can enter after Flag/upper channel breakout Target= Nearest Possible Target would be 100.70(New All-Time High Level) Stop Loss= Below 75.66 Disclaimer = Consider my analysis for Educational Purposes only. Before entering into any trade - 1) Educate Yourself 2) Do your research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
NSE:IDFCFIRSTBLong
by Avinash9087
IDFCFIRSTB | Multiyear Breakout📊 DETAILS Sector: Bank - Private Mkt Cap: 61,975 cr IDFC First Bank is engaged in the business of Banking Services. IDFC FIRST Bank was founded by the merger of Erstwhile IDFC Bank and Erstwhile Capital First on December 18, 2018. TTM PE : 21.29 (Average PE) Sector PE : 24.27 Beta : 1.07 📚 INSIGHTS MC Insights PRO Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators 12.91% away from 52 week high Underperformer - IDFC First Bank up by 0.4% v/s NIFTY 50 up by 1.99% in last 1 month 📈 FINANCIALS Piotroski Score of 7/9 indicates Strong Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:IDFCFIRSTBLong
by Munish_Jain
12
IDFCFIRSTB - Long Setup, Move is ON..NSE:IDFCFIRSTB ✅ #IDFCFIRSTB trading above Resistance of 76 ✅ Next Resistance is at 84 Related charts: Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:IDFCFIRSTBLong
by Sandeep_Aggarwal
IDFC First Bank - Long Setup, Move is ON...#IDFCFIRSTB gave an entry at 43.40 on breakout. Has moved from 43.40 to 54.15 levels. It is now trading above Resistance 1 of 50.50. Next Resistance 2 is at 58.15. Here is previous chart: Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:IDFCFIRSTBLong
by MandeepSinghKohli
IDFCFIRSTB towards 60. Strength in Hourly Charts.Idea #4 Trailing Win Rate: 66% (for the past 3 ideas published) Inspite of the rate hike talks by the Fed yesterday, Indian markets have performed exceptionally well today and especially the banking sector. Nifty Bank recovered well and IDFCFIRSTB is on the verge of long-term breakout of 4 years. Conservatively it is likely to reach 60 but if it reaches 60, it is a breakout on the 4-year downward sloping trendline. Long at CMP for an eye on 60. Stop loss is dynamic.
NSE:IDFCFIRSTBLong
by thisisbanerjee
6
NSE IDFCFirstBank Bullish Cycle Started Preface: IDFC First bank is ready to march upward. After making the high of 69.30, the Price has started the corrective wave four and took 179 days to complete. The ending point of wave 4 is the starting point of impulsive wave 5. Wave Formations And Fibonacci Relationships: Wave 1 is a Leading diagonal which has a 3-3-3-3-3 sub-wave structure. Wave 2 is a combination where wave 'W' is a zigzag & wave 'Y' is a triangle. Fibonacci retracement of wave 2 is 38.2% of wave 1. Wave 2 is not exceeding the starting point of wave 1. Wave 3 is an extensive impulse. 3rd wave has 261.8% retracement of wave 1. Wave 4 is a zigzag correction with a 5-3-5 wave structure. Sub-wave of wave 4 fulfilled the rule of equality (wave A= wave C). Wave 4 retraced 78.6% of wave 3. What will happen next? Completion of sub-wave C indicates that the corrective wave has ended. Price has started forming sub-waves of wave 5. Wave (ii) retraced 78.6% of wave (i). If the IDFC First Bank breaks the high of wave 1, it will confirm the impulsive behavior of wave (iii). (Note that the ending point of the corrective wave is the starting point of an impulsive wave.) A trader can expect the following targets: 64-74.64- 86.2+ Target 1: 64 {Clusters: high of wave B,161.8% of wave (iii), 78.6% of reverse Fibonacci retracement of wave 4} Target 2: 74.64 {Clusters: 2.618% of wave (i) through (iii), 161.8% of wave 1 through 3} Target 3: 86.23 {Clusters:78.6% reverse Fibonacci retracement of wave 4, dynamic resistance}
NSE:IDFCFIRSTBLong
by forextidings
16
IDFCFIRSTB LONGI hope you can now see how IDFCFIRSTB represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
NSE:IDFCFIRSTBLong
by EntryandExit
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.
NSE:IDFCFIRSTBLong
by Trading_hawk
2