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.
IDFCFIRSTB
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.
FY21-22 Swing Trade Idea #197: Long on IDFCFIRSTBThis is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
IDFC FIRST BANK DAILY TRENDLINE GOOD PLACE TO GO LONG buyREASONS TO GO LONG:
> PINK ZONE 46 previous resistance can act as a very good support.
>@ DAILY trendline so upwardtrend is still intact unless it breaks it.
We can enter @cmp with SL: 44 IF it breaks that level then we might see 36 33 levels.
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📊 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.
IDFCFIRSTB Short I 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 products 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.
IDFC FIRST BANK BREAKDOWN (INVERTED CUP & HANDLE)IDFCFIRSTBANK broken its neckline in previous day session. However shorting below 28 is recommended with SL 29.6. There's increase in vol when started falling in handlle formation. It indicates the weakness
Target and trading plan is mentioned in the chart.
Also, it is forming H&S as well. If it closes below 28, H&S pattern will also gets completed.
IDFCFIRSTB KEY LEVELS SUPPORT AND RESISTANCE 05/06/2020Key Levels for IDFCFIRSTB : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~23.55
FIRST TARGET~25.40
INTERIM RESISTANCE~25.15
FINAL RESISTANCE~26.55
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LOWER BREAKOUT~22.30
FIRST TARGET~21.60
INTERIM SUPPORT~20.70
FINAL SUPPORT~19.60
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.