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Idfcfirstbank

IDFC First Bank Shines with Excellent Q1 Performance.IDFC First Q1 Result. Impressive performance across the board! Deposits up 44% YoY, Advances up 25% YoY, Profits up 61% YoY. Net NPA down to 0.7% (Which is very good indication). ROA at 1.24% vs 0.97% YoY. QoQ net income down -731 Cr. vs 816 Cr. in Q4FY23, but excluding a one-off income of 180-200 cr. from the last quarter, results are still better on a QoQ basis. Why to Invest in IDFC first ? They are many reasons to invest in IDFC Bank, but trading in this company seems risky and tricky right now. However, if you are someone who believes in the narrative that for India to grow, the banking sector would have to follow the same path, then undervalued and growing banks will benefit the most. Stocks like IDFC First Bank are more likely to double their Market Cap. So, if you are a long-term and serious investor like me, this analysis will help you. Why to Avoid Trading ? Now, let's discuss why trading this stock is currently considerably risky. The stock is trading near 200% of its support level, following a special channel pattern known as a big-length rectangle pattern, which makes it riskier from a trading perspective. How to Invest ? We plan to take a longer position in this stock. As visible from the chart, the stock has tested its resistance on a weekly timeframe. As, we all know Q1 results are out, Earnings have been impressive, indicating a potential strong breakout with good volume. If that happens, we'll invest half of our money and wait for a retracement before putting in the rest. But, if the stock falls instead of breaking out, it'll be a great opportunity to invest, and in that case, we'll wait for a consolidation. Note- I am not a SEBI registered, Please consult to your Advisor before investing.
NSE:IDFCFIRSTBLong
by BullishLine
IDFCFIRSTB - Long Setup, Move is ON..NSE:IDFCFIRSTB ✅ #IDFCFIRSTB trading above Resistance of 84 ✅ Next Resistance is at 103 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.
NSE:IDFCFIRSTBLong
by Sandeep_Aggarwal
IDFC FIRST BANK Short term buy setupIDFC FIRST BANK is making a classic running flat on 1 hour time frame, also breakout is happening for upside, you can look to enter in lower time frame with any flag or flat, keep your stop below the breakout impulse, and take profit near mentioned level, also note that mentioned level is a monthly top, so it might reverse after breaking that top or keep going upside so that is level of caution, i won't recommend you hold your trade after price touch that level, even it goes further upside just wait for it to make corrective pattern for further buying.
NSE:IDFCFIRSTBLong
by Honey_Sharma_
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.
NSE:IDFCFIRSTBLong
by thisisbanerjee
6
IDFC First Bank - BreakoutHello All, Greetings! IDFC Bank Shows Breakout it has been very clear that IDFC Banks Chart shows clear breakout from from Downtrend Triangle Pattern. Important Things 1. This is only for educational purposes only. 2. Never over trade. 3. Always keep Stop Loss. 4. Trade in limited quantity. 5. Taking a small loss is better than wiping up your capital. I hope you found this idea helpful. Please like and comment. Share with Your Friends. Keep Learning, Happy & Safe Trading
NSE:IDFCFIRSTBLong
by NikhilChoudhary2023
IDFCFIRST BANK short Term SetUp .1. IDFCFIRST BANK forming Falling Channel which is going to Breakout Sooner Or Later . 2. Can Possibly Test Fib 0.382 Level Before Breaking Out . So First Buying Zone Will be Fib 0.382 Level (details given in chart). 3. Fib 0.50 Level is coinciding with Important Support Level Of 46.50 ( which will be our second buying zone ) . if you get chance Buy here . 4. Place Sell order After buying @ 60 and Enjoy the Profit. 5. Mandatorily Use Trailing Stoploss to secure your Profits. Signal Duration - 10 days to 45 days NSE:IDFCFIRSTB Disclaimer :- Please DYOR before Investing.
NSE:IDFCFIRSTBLong
by Disruptive_Me
IDFC First Bank: Buy on dips for long termIn the NSE:IDFCFIRSTB shares, we can see the Elliot Wave pans out nicely. See the outer wave marked in green 1-2-3. We are in the motive/impulsive 3rd wave. Now in the motive 2nd wave, there are again 5 subwaves formation. We are at 3rd motive inner wave. So it is 3-3 wave overall. Hence a retesting of the long term support (which is also a neckline of a rounding bottom) around 50-52 is welcome. We can accumulate around 50-52 for a target of 65-70 (a few months timeframe) with a SL of 46.
NSE:IDFCFIRSTBLong
by pradipandsuvra