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.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Idfcfirstbank
IDFC FIRST BANK 📉 📉 Next weekly closing if sustains below the white line could possibly trigger a downward momentum 📉 📉 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 📈 📈 within (July -- Aug)
Disclaimer:
Its a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
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!
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.
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
IDFCFIRST Bullish Wedge BreakoutThere is a one more stock Which was showing a great opportunity and forming Bullish Wedge, stock is in resistance zone and ready to blast let's see breakout sustain or not. what is your view please comment it down. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature
#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
IDFC FIRST BANK SUPPORThere are the strong support and resistance levels for IDFC First Bank (NSE: IDFCFIRSTB) as of today, January 24, 2024:
Support Levels:
81.40: This level has acted as support multiple times in the past and could hold again if the stock price falls further.
IDFC First Bank support level 81.40
78.35: This is a longer-term support level that coincides with the 50% Fibonacci retracement level of the rally from the March 2023 low to the August 2023 high.
72.00: This is a major psychological level and the 61.8% Fibonacci retracement level. A break below this level could signal further downside potential.
idfc first bank ltd idfc first bank ltd is a retails ,bank with good % of fiis investment approx. 24%. good growing in retalis banks . we can invest for long term pupose investment .
note : for educational only.
future price expecting more 200+ w+ith t6he respect of current financial status of the company . holding period is more than 1yrs .
#IDFC long trade idea setup (counter trend) 18/11/23Greetings Folks,
today I have prepared a setup of IDFC on NSE
the analysis is as follows-
- the price faced a sudden downfall due to the RBI negative news
- price broke down the trendline support and has swept all the liquidity from the trendline
swept the liquidity in easy language means sucking the power of trendline and now its baseless
- price has made a huge imbalance which needs to be covered quickly for efficient price action
- take profit is mentioned, don't be greedy as we are counter trend trading
don't play with fire, always use a predefined stoploss
IDFC LTD: DIWALI PICK 2023 Stock is forming higher highs and higher lows which is he basic definition of an uptrend and has given a breakout of 15 years of range in an impulsive manner. The impulse unfolding will have a five structure of which 'Third-wave' is still unfolding. As we already know that Third waves are the wonder to behold, the Stock has a potential to reach 220-240 in the coming 1-2 years. On the downside major support is at 75. Only a sustained closing below 75 will force us for the re-assessment the idea. Until then we are aggressively bullish on the stock for 220-240 zone and beyond that in the coming years.
Happy Diwali
#Diwali2023
IDFC LTD: DIWALI 2023 PICKStock has given a breakout of 15 years of range and rising in an impulsive manner. The impulse will be unfolding into a five structure of which 'Third-wave' is unfolding. An we already know that Third waves are the wonder to behold. Stock has a potential to reach 220-240 in the coming 1-2 years. On the downside major support is at 75. Only a sustained closing below 75 will force us for the re-assessment of the idea. Until then we are aggressively bullish on the stock for 220-240 zone and beyond that in the coming years.
Happy Diwali
#Diwali2023
#IDFC LONG TRADE SETUPGreetings Folks,
today i have prepared a setup of IDFC on NSE
the analysis is as follows-
- The price made a steep 1 candle huge fall
- quick retracement is highly possible
- i am expecting a gap up tomorrow, above the resistance , have also marked the immediate next resistance
don't play with fire, always use a predefined stoploss