Idfcfirstbank
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.
IDFC FIRST BANK "BUY CALL" 14% TARGETThis channel provides Nifty and Bank Nifty analysis and provides swing trades for equity.
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FY21-22 Swing Trade Idea #197: Long on IDFCFIRSTBThis is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
END OF THE DOWNTREND-IDFC FIRST BANKIDFC bank has been making lower highs and lower lows since past few weeks ,but since last few days the things have been changing for it as its clearly seen that the stock is trying to make reversal with a double bottom.Finally it has given a strong closing above its resistance of 52.25 and a healthy pullback.The feather to this trade idea is the option chain data showing huge call unwinding at multiple strikes. the results are yet to be out ,defensive players can enter after the result volatility(if persists) otherwise one can take entry around 52 with SL of 49 and two targets of 61 and 70.trailing your stop losses after 55 is suggested as we would see some healthy pull backs which would either help in pyramiding or taking multiple swing entries
Idfc first bank BOGood to buy this one, looks like a trend change.
Keep sl of 48 and ride it
55/56---62--68----90
IDFC First Bank: BreakoutThe stock has broken out of the pattern and its resistance with spike in volumes.
If it sustains levels of 52, it can start trending towards its previous highs.
Be mindful of the fact that results are on 29th Oct, so if you initiate the trade please be cautious.
Please follow us for more trading setups like these.
If you have any queries/suggestions related to above pattern, feel free to type below in the comment section.
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IDFC Ltd- Nearing LongTerm Channel BreakoutIDFC has not Created any value for its shareholders in past 14 Years, However stock is trading at a inflection point Currently. Will we see the channel breakout here in IDFC? Only time will tell. However Interesting times are ahead for IDFC Ltd.
Management has talked about shareholder value creation few days back and they are serious about divestment of AMC Business, this will be value assertive for IDFC Ltd.
IDFCFIRSTIDFCFIRST
Cup and handle breakout done
flag breakout done
can go long above 53 sl 48 dcb
target 1: 62
target 2: 70
Minimum R:R=1:2
Good Candidate for positional trade with all indicators indicating positive move upside, it also going to surprise with earning on 29th as covid provisioning in last Quater result in poor earning this time it will not be that case ,
sl 47.75/ tg 56/59.5/64
IDFCFIRSTB on Weekly Chart- Elliott Waves - LongIDFC First Bank has completed one Elliot Wave cycle with an impulse wave 1-2-3-4-5, starting from INR 18.5 and ending at INR 69.25, and a corrective zig-zag wave A-B-C, ending at INR 40.7. This cycle is a formation of a bigger wave, wave 1 & 2 (which is not marked in the chart). If the analysis holds true, wave 3 has started.
Trading guidelines:
1) Aggressive Trade (arrows shown):
-Entry when the extreme of wave 4 of corrective wave C is broken, i.e INR 52.5
-Stop loss at the end of wave C, i.e INR 40.7
-First Target close to INR 62. This is because there wave B ended and also, there seems to be a strong resistance (conformed by standard pivot point & also on monthly chart)
-Second Target close to INR 75. This calculated on the basis of getting a reward-risk ratio of close to 2:1.
2) Conservative Trade (arrows not shown):
-Entry when start of wave B is crossed, ie close to INR 62.
-Stop loss at the end of wave C, i.e INR 40.7.
-Target close to INR 106. This calculated on the basis of getting a reward-risk ratio of close to 2:1.
Extra:
On checking for fib relationship between bigger wave 1 & 2, wave 2 was expected to reach INR 39.7 (0.618 retracement). However, it reached INR 40.7 as the low, which is close to 0.563 retracement.
IDFC First Bank BO!IDFCFIRSTB has given a breakout wrt. short term trendline and also long term trendline
All levels are mentioned on the chart
Please do your own analysis before making any decisions and also let me know if I missed something.
Let's learn together.
IDFC Ltd- A Interesting Case of UndervaluationIDFC is a Parent Company of IDFCFirst bank which holds Approx 37% Stake in IDFCFirst Bank.Currently IDFCFirst bank has a Valuation of 31000Cr. 37% will be Valued at 11000Cr.
IDFC also has Mutual Fund Business with 1.26LCr AUM. Recently Listed Aditya Birla AMC has a AUM of 3.1Lakh Cr. So Market is Valuing 1LCr AUM of AMC at 6000Cr Mcap. By this Logic, IDFC AMC should be valued at 7500Cr.
In Totality IDFC Business could be Valued at 18500Cr.
Current Marketcap of IDFC is Just 8500Cr, A Whopping Discount to its Holding Value. Market will discover this value and bet on IDFC, If they are bullish on IDFCFirst bank.
