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Idfcfirstbank

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.
NSE:IDFCFIRSTBShort
by anikeshdey7
1
#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
NSE:IDFCFIRSTBLong
by profitpujari
1
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
ILong
by TradingSutra
9
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
ILong
by TradingSutra
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NSE:BANKNIFTY
by Optionclub
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_