Get started

Idfcfirstbank

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
IDFC LTDNSE:IDFC Best Buy : At CMP ie.122 or @128+ Stop Loss : 105 Targets : 145/155/165/180/200+++ Introduction: IDFC Limited, a financial institution with a focus on infrastructure financing, can enhance its market position and investor confidence by capitalizing on a breakout scenario from a falling wedge pattern, supported by a combination of technical indicators and fundamental metrics. Technical Analysis: Breakout from Falling Wedge: The stock is currently exhibiting a falling wedge pattern, indicating a potential reversal of the existing downtrend. A breakout above the upper trendline of the wedge could signal a bullish momentum shift. Support from 200EMA: The 200-day Exponential Moving Average (EMA) is providing substantial support to the stock's price action, reinforcing its significance as a long-term trend indicator. This adds further weight to the potential reversal signaled by the falling wedge breakout. EMA Cross of 20 and 200: The crossover of the 20-day and 200-day EMAs suggests a strengthening of the bullish sentiment in the short to medium term. This confluence of moving averages enhances the credibility of the anticipated trend reversal. Support from Trend Line: In addition to the falling wedge pattern, the stock is finding support from an established trend line, further validating the potential for a bullish breakout. Fundamental Analysis: PE Ratio of 5: IDFC Limited boasts a favorable Price-to-Earnings (PE) ratio of 5, indicating that the stock is reasonably priced relative to its earnings potential. This metric reflects positively on the company's valuation and attractiveness to investors. Thanks Disclaimer: This idea is shared for educational purposes and should not be interpreted as financial advice. Please conduct your own research and consider your individual financial circumstances before engaging in any trading activity.
ILong
by S_Rawat
Fundamental Picks - Stock PE < 20 (NIFTY BANK)📊 Script: BANKBARODA ⏱️ C.M.P 📑- 254 🎯 PE 🏆 - 6.98 📊 Script: FEDERALBNK ⏱️ C.M.P 📑- 159 🎯 PE 🏆 - 9.33 📊 Script: BANDHANBNK ⏱️ C.M.P 📑- 187 🎯 PE 🏆 - 10.12 📊 Script: SBIN ⏱️ C.M.P 📑- 817 🎯 PE 🏆 - 11.43 📊 Script: INDUSINDBK ⏱️ C.M.P 📑- 1410 🎯 PE 🏆 - 12.66 📊 Script: HDFCBANK ⏱️ C.M.P 📑- 1437 🎯 PE 🏆 - 16.07 📊 Script: IDFCFIRSTB ⏱️ C.M.P 📑- 76 🎯 PE 🏆 - 17.13 📊 Script: PNB ⏱️ C.M.P 📑- 123 🎯 PE 🏆 - 17.89 📊 Script: ICICIBANK ⏱️ C.M.P 📑- 1117 🎯 PE 🏆 - 18.44 📊 Script: KOTAKBANK ⏱️ C.M.P 📑- 1627 🎯 PE 🏆 - 18.49 Formula to calculate PE = MVP/EPS MVP - Market Value Per Share (Stock Price) EPS - Earning Per Share Industry(NIFTYBANK) PE - 15.7 Always Compare Stock PE with Industry PE for Better Understanding. LOWER THE PE MORE ATTRACTIVE THE COMPANY. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:BANKBARODALong
by radha_23
IDFC FIRST BANK (Psychology Analysis) Date 10th April 2024 Time: 3:30 IDFC FIRST BANK was in a correction from last year's Sept. After showing full correction Wave At the end of March it Gap Down and from 1st Day of April it Started moving up seems like its short covering . But More Confirmation for going long is on 8th April IDFC Gap Up and Going upside continuously. and finally, today it breaks Out from Resistance Line and give closing above it. Round figure Price level 80 is Strong Support with SL of 81 We can Long IDFC FIRST BANK. Target ATH Price with 1:5 Risk Reward. Thank You!
NSE:IDFCFIRSTBLong
by KRSCharts
4
Potential Breakout Opportunity: IDFC Channel Breakout Above 115IDFC (Infrastructure Development Finance Company) has been exhibiting a promising setup on the daily timeframe. The stock appears to be on the brink of a significant breakout above the key resistance level of 115. Technical Analysis: Channel Formation: Over the past several trading sessions, IDFC has been consolidating within a well-defined channel pattern. Resistance at 115: The stock has repeatedly tested and respected the resistance level around 115, indicating its significance. Increasing Volume: Accompanying the recent price action, there has been a noticeable increase in trading volume, suggesting growing interest and momentum behind the move. Potential Trade Scenario: Breakout Confirmation: A decisive breakout above the 115 level, ideally accompanied by strong volume, could serve as a bullish confirmation signal. Target Projection: Upon a successful breakout, the next immediate target could be around the 132 mark, representing a potential upside of approximately 15% from the breakout point. Stop-Loss Placement: To manage risk, traders may consider placing a stop-loss below the breakout level to protect against potential reversals. Please note that trading involves risk, and it's essential to perform your analysis and consider risk management strategies before executing any trades. Keep a close eye on price action and volume dynamics for confirmation of the breakout scenario outlined above. Disclaimer: This analysis is for informational purposes only and should not be construed as financial advice. Always do your research before making any investment decisions.
ILong
by CyborgTradingHub
multiyear multibagger potential breakout*multiyear breakout after 8 years *falling wedge pattern confirms that price will shoot up like a rocket in a very fast speed Stock did breakout before 3 months but price started to consolidated as it needed to re-test the resistance level *now its the same story like national aluminum and other stocks like oil *fundamentals and technical both are strong for educational and learning purpose only im not sebi registered kindly consult your financial advisor before investing
NSE:IDFCFIRSTBLong
by tarunsamantabd