Idfcfirstbank
IDFC FIRST BANKIDFCFIRSTBANK.
Anything above 112 should be part of euphoria that may extend upto 164.17 (if sentiment allows); corrective 5th may end around 50-53 and then final thrust towards new high (5th) should begin. (If , moves past 80-83 without 5th correction , corrective wave count will be invalid).
Labelling of counts can be wrong in this, but you get the idea.
IDFC FIRST BANK: Reversal Play for 20% upside⚡️Price Analysis:
1️⃣ Price broke the resistance.
2️⃣ Price structure is bullish.
3️⃣ Price trading above EMAs
4️⃣ Strong candle formation.
✨ Key Observations:
➡️ RRR favorable at CMP.
➡️ Price should break the immediate marked resistance to build further strength & momentum.
➡️ Overall banking sector is strong.
⚠️ Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. Please, do your due diligence before investing.⚠️
💬 Share your thoughts in the comments below! ✌️
🔥Trade Safe!✅🚀
IDFC First Bank cmp 67.97 by Weekly Chart viewIDFC First Bank cmp 67.97 by Weekly Chart view
- Support Zone 55 to 58 Price Band
- Resistance Zone 75 to 78 Price Band
- Support Zone got tested, retested, finally got broken down
- Stock was on clear downtrend by Daily and Weekly Chart view
- Stock took support near old price level 50 to 52 to reverse upside
MIDCPNIFTY MIDCPNIFTY- Intraday Levels
Pivot Level: 12,673.53
Support Levels:
S1: 12,640.97
S2: 12,621.26
S3: 12,586.12
Resistance Levels:
R1: 12,706.10
R2: 12,725.81
R3: 12,760.95
Intraday Strategy:
Bullish Scenario:
If MIDCPNIFTY sustains above 12,687.25, consider long positions targeting 12,706.10-12,725.81-12,760.95.
Stop-Loss: 12,682.10
Bearish Scenario:
If MIDCPNIFTY breaks below 12,659.82, consider short positions targeting 12,640.97-12,621.26-12,586.12.
Stop-Loss: 12,682.10
#MIDCPNIFTY
IDFC First Bank : ~70% upside is waitingIts best to select your stocks based on company bussiness (Check Q-o-Q & Y-o-Y sells, profit, debt level, NPA if bank/nbfc).
I believe in buy & hold good stocks (as per above parameters) having favorable technical pattern and sell once target is achieved.
So I keep my stolosses really deep and don`t believe in frequent entry and exit in stocks based on stoplosses .
Target & Stoploss are mentioned on the self explanatory chart .
Please feel free to comment or share your views on my analysis .
Note : I am not SEBI registered advisor . Please consider my analysis for education purpose only .
KPR MILL LTD KPR MILL LTD – 1-Day Chart Support & Resistance
Support and Resistance Levels (Daily Timeframe):
Immediate Resistance: ₹810
(Recent swing high; needs breakout for bullish continuation)
Major Resistance: ₹835
(Multi-month resistance zone; breakout can lead to a strong rally)
Immediate Support: ₹770
(Recent consolidation base; key for trend sustainability)
Strong Support: ₹745
(Previous breakout level and demand zone)
Trend Insight:
KPR Mill is in a medium-term uptrend, but facing consolidation near ₹810. A sustained close above ₹810 may trigger momentum, while ₹770 acts as a crucial support zone.
IDFC FIRST BANK by KRS Charts5th Nov 2024 / 2:34 PM
Why IDFCFIRSTB ❓❓
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.
Double Rounding Bottom | HDFC BANK1️⃣ News on HDFC Bank
📍IPO Launch: ₹12,500 crore IPO for its subsidiary, HDB Financial Services
📍Profit Growth: 5.3% increase in net profit for the last quarter
📍Stock Surge: HDFC Bank shares have risen nearly 20% in three months
📍Market Position: High market cap and favorable investor sentiment
2️⃣Technical Analysis
⭕️Support around ₹1,500; important for maintaining upward momentum.
⭕️Breakout above ₹1,700 for potential buy signals.
⭕️Moving averages indicate bullish momentum.
⭕️Overbought territory suggests potential short-term corrections.
⚠️Conclusion
Strong fundamentals, including solid revenue growth The merger with HDFC Ltd. enhances its market presence, but it faces some margin pressures. Overall, it’s a good time to buy HDFC Bank stocks for long-term stability and growth, while keeping an eye on potential short-term volatility.
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MY first choice IDFC FIRST BANK IDFC FIRST BANK have previous records and pattern and that repeat again
Technical points
1 - down rising channel
2- Strong support on bottom
3 - hold the top of fab. point
4 previous bull run was came when is go down in channel pattern
First channel performance
Date 31-jan-2022 to 6-dec-2022
first reached on top of 50 and came down 28 in the channel when given reversal to 62
second channel performance
6-dec-2022 to 5-sep-2023
on the top of 62 he came down and reached 52 and than get reversal and make top of 100
third 6-sep-2023 to 27-november today
now its reached at same price of 62 and create bottom now we looking for a fresh reversal and channel breakout
First TRG - 86
Second TRG -98 & 102
Third TRG 120 and above 140
SL 48
only for the long term time duration minimum 1 year
IDFCfirst Bank CUP & Handle Breakout RetestHello Everyone,
HDFC First Bank making Retest from Cup & handle Chart pattern Breakout restest with trendline also taking Support of 200ema.
Fibbo 61% retracement completed and rsi oversold with making repeated pattern as earlier.Stock price cmp 66 is 34% down from lifetime high of 100.
"It’s been a year now—could this be the turning point?"❓What do you think about this merger and future growth of IDFC First Bank?
⭕️"Can IDFC First Bank still become the next HDFC Bank?"⭕️
📍An order block zone is a price range where large institutions have placed significant buy or sell orders, creating strong support or resistance. These zones often lead to price reversals or consolidations
📍It help traders identify where the "smart money" (institutional money) has previously influenced the market, giving insight into likely future price reactions around these levels.
✅Technical Analysis:-
"For now, there is a bearish trend with a strong sell sentiment. However, once the order block is confirmed, the price may shoot up like any other stock."
✅Fundamental Analysis:-
⚡️A rise in IDFC Ltd could enhance sentiment towards IDFC First Bank.
⚡️Increased stock may improve the combined entity's market valuation.
⚡️profit after tax of ₹201 crore for Q2 FY25, up 28% compared to last year
⚡️The merger aims to enhance operational efficiencies and align management practices with leading private sector banks
✍️Nifty50 is officially below the BUDGET2024 swing low as of today. The support level of 23900 was tested and sustained today. Considering the chart structure more weakness is expected.(Take this into consideration too, while investing or trading)
👀IDFC First Bank's stock has declined recently due to the following issues:
⭕️The bank experienced a 10% drop in net profit for Q4 FY24
⭕️Provisions increased to ₹722 crore, raising concerns about managing non-performing assets effectively
💡Conclusion🎯
IDFC First Bank has established itself as a significant player in the Indian banking sector, focusing on retail and corporate banking services. The recent merger with IDFC Ltd. is expected to enhance its growth trajectory and operational efficiency.
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⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️
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IDFC FIRST BANK - BREAKOUT / BREAKDOWNYou guys are smart if you really know how to trade this Pattern !
A rectangle chart pattern forms during a period of consolidation, where the price moves between parallel support and resistance levels. This pattern indicates indecision in the market, with buyers and sellers in equilibrium. The price bounces between these horizontal levels multiple times, creating a rectangular shape. Traders look for a breakout from this range to signal the next move. A bullish breakout occurs above the resistance, while a bearish breakout happens below the support. Volume typically decreases during the formation and spikes during the breakout, confirming the pattern’s validity.
Clear Accumulation/Distribution Happening, pay attention even if you dont want to trade it's fine !
IDFC | All Trendline Bull Breakout at the Same Time⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️
💡FNO Stocks Trading📉📈📊
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IDFC | Long Term | Cycle RepeatsThe lifecycle of a stock or asset can be broadly understood through a series of phases or stages that represent different patterns of price action. These stages help traders and investors identify where a stock might be in its cycle, and therefore make more informed decisions. Here's a breakdown of the typical lifecycle of a stock:
Stage 1: Accumulation (Consolidation)
Description: During this stage, the stock price moves within a relatively tight range, often after a significant decline or during periods of low market interest. This stage is characterized by low volatility and low trading volumes as institutional investors or informed insiders begin to accumulate shares without significantly moving the price.
Market Sentiment: Neutral to cautiously optimistic.
Price Action: The stock trades sideways, with minor ups and downs, creating a base or a foundation for the next move. This is also known as the consolidation phase.
Technical Indicators: Moving averages might flatten out, and other indicators like the Relative Strength Index (RSI) tend to stay neutral.
Stage 2: Markup (Rise)
Description: In this stage, the stock begins to rise steadily, often breaking out of the consolidation range established during Stage 1. This is when the broader market starts to take notice, and buying interest increases.
Market Sentiment: Bullish, with increasing optimism and momentum.
Price Action: The stock shows a clear uptrend, making higher highs and higher lows. The volume often increases as more participants enter the market.
Technical Indicators: Moving averages typically start to slope upward, and momentum indicators like the RSI often move into overbought territory, though they can stay elevated for extended periods during strong trends.
Stage 3: Distribution (Consolidation)
Description: After a significant rise in price, the stock enters another consolidation phase. This is where the stock price begins to level off after the uptrend, as early investors and institutions start to take profits.
Market Sentiment: Mixed to cautious. Some participants are still bullish, while others are looking to exit.
Price Action: The stock may trade within a range, similar to Stage 1, but typically at a higher price level. The volatility might increase as the market tries to determine the next direction.
Technical Indicators: Indicators like the RSI may show divergence (price making new highs while RSI makes lower highs), signaling weakening momentum. Volume might increase as selling pressure begins to meet or exceed buying pressure.
Stage 4: Mark Down (Bearish) or Markup (Bullish)
Description: This stage can diverge into two different directions:
Bearish (Markdown): If the stock breaks down from the Stage 3 consolidation range, it enters a downtrend. Selling accelerates as more investors look to exit, leading to a decline in the stock price.
Bullish (Further Markup): Alternatively, the stock might resume its upward movement, leading to another rise if the overall market conditions remain favorable and demand continues.
Market Sentiment:
Bearish: Sentiment turns negative, with increasing fear and pessimism.
Bullish: Sentiment remains positive, driven by continued optimism or external factors like strong earnings reports.
Price Action:
Bearish: The stock makes lower lows and lower highs, confirming the downtrend.
Bullish: The stock breaks out of the range to the upside, continuing its uptrend.
Technical Indicators:
Bearish: Moving averages may cross downward (e.g., the "death cross"), and RSI can drop into oversold territory.
Bullish: Moving averages continue to trend upwards, and RSI can remain in overbought territory.
Cycle Repeats:
Once Stage 4 completes, the cycle can begin a new. After a markdown (bearish phase), the stock might enter another accumulation (consolidation) phase as the price stabilizes, setting the stage for a new potential uptrend. Conversely, if the stock continues to rise in the bullish scenario, it may eventually enter a new distribution phase at a higher level.
Understanding these stages helps traders and investors to anticipate potential moves in the market, allowing them to position themselves accordingly.
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