IDFCFIRSTB Monthly Chart๐ Recent Price Context
The stock recently plunged sharply (up to 20%) after fraud disclosure news, hitting lower circuit near ~โน67-70 range.
This means yesterdayโs price action reset many short-term setups and made prior levels less reliable until consolidation stabilizes.
๐ Key 1-Month Technical Levels
๐น Resistance (Upside)
These are levels where price may face selling pressure if it attempts to recover:
~โน77โ78 โ Initial resistance zone from recent swing high attempts.
~โน81โ83 โ Mid-term
IDFCFIRSTB
IDFCFIRSTB | Cup and Pattern | BreakOut | Huge Volume |Dailyโ
Pattern: Cup and Handle breakout above 69.50 INR.
โ
Target: ~87 INR (based on cup depth projection).
โ
Breakout Confirmed: Strong volume surge.
โ
Support: 69.50 INR
โ
Momentum: All EMAs trending up, bullish.
โ
Action: Stay long above 69.50; target 87 INR.
Learn Institutional Trading part 3Institutional trading involves the buying and selling of securities (like stocks, bonds, and derivatives) by large financial institutions on behalf of their clients or for their own accounts. These institutions, including mutual funds, hedge funds, pension funds, and banks, often have significant capital and require specialized tools and strategies for executing large-scale trades.
IDFC FIRST BANK by KRS Charts5th Nov 2024 / 2:34 PM
Why IDFCFIRSTB โโ
1. First thing BULLS COUNTER ATTACK visible after correction.
2. Previous Gap got filled last Candle.
3. On higher TF Price is at Old Support zone.
4. Swing Entry Due to B.C. Attack setup what it means, mentioned in Chart.
Target - 86 Rs & 100 Rs.
SL 1D Closing - 63.80 Rs.
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
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
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 re
IDFC FIRST BANK on wait and watch modeIDFC FIRST BANK CMP 74.21 - 25 % dip from top .As per fib retracement levels IDFC FIRST BANK Trading below 0.5 level ,75.5 is a support , and price is trading below 75.5
as per my analysis Uptrend will resume when price move above 77 or 80. could be safe entry.
Please Note its my personal view its not a Buy or Sell recommendation
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 ๐ ๐ Next weekly closing if sustains below the white line could possibly trigger a downward momentum ๐ ๐ to 69.94 within ( 24th June 2024)
If 69.94 breaks then below levels could test marked on the chart
59.28 -- 61.34 could be an ideal levels for a bounce ๐ ๐ within (July -- Aug)
Disclaimer:
Its a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
#IDFCFIRSTB long trade idea setup (28/01/24)Greetings Folks,
today I have prepared a setup of
NSE:IDFCFIRSTB
on NSE
the analysis is as follows-
- The price is losing the bearish strength after looking at the current market structures
- good buying volumes took place in last trading day
- if the price breaks out the resistance zone marked in the chart, then we may expect bullish rally
don't play with fire, always use a predefined stoploss
IDFCFIRSTB | Multiyear Breakout๐ 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
๐ 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 w
IDFC First Bank - Long Setup, Move is ON...#IDFCFIRSTB trading above Resistance of 83
Next Resistance is at 103
Support is at 61
Here are previous charts:
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.
IDFCFIRSTB - Long Setup, Move is ON..NSE:IDFCFIRSTB
โ
#IDFCFIRSTB trading above Resistance of 76
โ
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.
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.
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.























