IDFCFIRSTB Today's candle will confirm the TLBOIDFCFIRSTB keep watch on today's closing. It might confirm long term trendline breakout.
Idfcfirstbank
IDFC First Bank IDFC First Bank - Long term Bullish
Current trend is bearish, buy at 33 and 32 levels.
Educational purpose...
SBIN shared yesterday and blasted, further levels marked !!NSE:SBIN
#NSE:SBIN levels shared yesterday and it blasted with 15k profits/lot.
further levels marked for practice.
wish everyone bagged handsome money.
Happy LEearning !!
IDFC First Bank Ready For a BhoooomFalling Wedge is bullish pattern so up side move is possible when this bo happens
IDFCFIRST BANK IDFC first bank making an flag pattern in 5-15 min timeframe if it breaks up then we can see the target as per the pattern
IDFC Bank About To Give BreakoutIDFC Bank About To Give Breakout keep in radar buy above 49.5 keep sl@ 47 and wait for closing above 49.
BUY IDFCFIRST BANK ON BREAKOUTIDFCBank First bank is at the verge of a breakout and looks good to buy above trendline for marked targets on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
NSE IDFCFirstBank Bullish Cycle Started
Preface:
IDFC First bank is ready to march upward. After making the high of 69.30, the Price has started the corrective wave four and took 179 days to complete. The ending point of wave 4 is the starting point of impulsive wave 5.
Wave Formations And Fibonacci Relationships:
Wave 1 is a Leading diagonal which has a 3-3-3-3-3 sub-wave structure.
Wave 2 is a combination where wave 'W' is a zigzag & wave 'Y' is a triangle. Fibonacci retracement of wave 2 is 38.2% of wave 1.
Wave 2 is not exceeding the starting point of wave 1.
Wave 3 is an extensive impulse. 3rd wave has 261.8% retracement of wave 1.
Wave 4 is a zigzag correction with a 5-3-5 wave structure.
Sub-wave of wave 4 fulfilled the rule of equality (wave A= wave C).
Wave 4 retraced 78.6% of wave 3.
What will happen next?
Completion of sub-wave C indicates that the corrective wave has ended. Price has started forming sub-waves of wave 5.
Wave (ii) retraced 78.6% of wave (i).
If the IDFC First Bank breaks the high of wave 1, it will confirm the impulsive behavior of wave (iii).
(Note that the ending point of the corrective wave is the starting point of an impulsive wave.)
A trader can expect the following targets: 64-74.64- 86.2+
Target 1: 64
{Clusters: high of wave B,161.8% of wave (iii), 78.6% of reverse Fibonacci retracement of wave 4}
Target 2: 74.64
{Clusters: 2.618% of wave (i) through (iii), 161.8% of wave 1 through 3}
Target 3: 86.23
{Clusters:78.6% reverse Fibonacci retracement of wave 4, dynamic resistance}
IDFCFIRSTB LONGI hope you can now see how IDFCFIRSTB represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
IDFCFIRSTB bear trap or flyLet's see if price action continues or not. trend line If it continues after the retest, consider entering with a stop loss. Beware of bear traps.
IDFC FIRST BANKIDFC FIRST BANK
Take entry after the resistance breakout
Targets are mentioned in the chart
Candle closing is mandatory for positional entry
Positional Buy Trade opportunity | IDFC FIRST BANK | MID-TERMNSE:IDFCFIRSTB
On Daily time frame, it is still trade below 200DMA.
200DMA is placed at 53.05 level.
Also it closed in the resistance zone of 52- 52.50.
It will be bullish once it give sustainable breakout of 54 level or 200DMA.
All the targets are mentioned on the chart.
Please refer below chart : 1day Time Frame.
***************Please note this is my own study/opinion, it is not a trade recommendation**********************
Please Consult your financial advisor before making any investment.
Chart Analysis of IDFC First Bank (12 Dec 2021)Triangle breakout completed on weekly basis.
Private Bank looking Strong for Upcoming Weeks.
Target : 70
SL : 50 WCB
Only for educational purpose. Not a recommendation.
Trendline breakout on Weekly chartNice breakout on the weekly timeframe, can go long above 53 with SL 45.
Potential Breakout in IDFC First BankTrendline breakout in IDFC First Bank's Weekly chart.
Before moving to Target 1 (T1), price may retest the level of 50.40 once.
IDFCFIRSTBANK_CUP AND HANDLEIDFCFIRST BANK is forming bullish CUP and HANDLE pattern.
One can go long from here.
(FOR EDUCATIONAL PURPOSE ONLY)
IDFC FirstSimple Analysis......................................................................................................................................................
IDFC FRIST BANKSo guys what do u think about it ??? ...............................................................................................................................................
IDFC FIRST BANK - Awaiting breakoutIDFC can soon give a breakout from the trendline and we can expect a good move. Buy the Stock once the trendline breaks.
