Idfcfirstbank
Buy Opportunity - IDBC FIRST BANKMy Analysis:
Stock had initially formed Cup and Handle kind of a chart patter on Daily Time frame and it gave a breakout.
Stock is now retracing after giving a breakout. and bouncing from the support zone of 57.25 - 57.55 which was initially acting as resistance.
All the moving averages are giving Bullish signals.
Hence it's a good buy at the CMP that is between 58-59.
Possible Targets :
T1 - 61.7
T2 - 63.5
T3 - 65.85
T4 - 69.25
I am currently learning swing tradingI am completely a beginner and want to learn more, so I want your views please help and tell me I am correct here?
IDFC bank triple digit before Diwali
strong up-move
Multi-year trend-line break
strong support over 48
50 EMA above 200 EMA
good buying volume
Can show levels near 100 before Diwali
IDFC First Bank For Swing TradingIDFC First Bank is in a bullish momentum.
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If its Break 60.15 resistance, it can easily reach 68-70 .
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You can buy this for swing trade purpose after the Breakout.
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Keep learning keep earning.✌️
Trade setup with fibonacci This setup is on daily timeframe.
Stoploss at 0.38 level i.e. below the resistance line of pattern which should act as support now.
If the 0.61 level is break the we will get the confirmation that the trend is changed.
The uptrend will begin and 52 week high will be our major resistance and the target too.
Because it's 52 week high it's strong resistance,
so to go a little safe I will plan the target little below it.
The RR ratio is not that pretty. It's 1.27.
An example of price action analysis with fibonacci.
This post for educational purpose only.
IFDC FIRST BANK | 35% potential | 100EMA supportCMP- 59.25
SL- 54 (more conservative - 53)
Target- 69, 80
25/5/21
- Moving above Daily EMA, Weekly EMA crossover seen
- 100 EMA support (confluence)
- VOL is increasing on the up moves
- Price went from 50 to 57 then took a halt and broke 57 with good volume (shows structure change)
READY TO RACEBest Opportunity For Swing Traders💕
Level Mentioned On Chart.
Follow For More Updates @prasanna09
📌Key Highlights:
🔺BO On Daily Time Frame
🔺Cup And Handel
IDFCFIRSTBANK_BULLISH MOMENTUMWe can expect bullishness in IDFC FIRST BANK in near future.
(for educational purpose only)
IDFC First Bank for Short-Termthis is looking good for long with the support of 47
looks like 80 will come soon
"No more roadblocks to move ahead"- says IDFCFIRST - Will you ??Not a SEBI Registered - Do your own diligence - Not responsible for your Profit or Loss....
IDFC FIRSTBANK :LONG POSITONAL TRADE . THIS TRADE ANALYSIS IS BASED ON DATA AND MATHS AS WHEN AND WHERE BIG PLAYERS ARE BUYING.GOOD TRADE FOR THOSE WHO WANT TO TAKE CASH POSITION AS IT MAY TAKE TIME ( FAST OR SLOW..SO WHY TO GIVE PREMIUN FOR OPTIONS AND FUTURE) .
IDFC FIRST : fourth wave completionConsidering wave 4 has been palced , one should go long on this stock maintaining SL of 43 & look for the targets of 60/65 and 85 in wave five formation.
IDFC FIRST bankIDFC FIRST bank -
THIS SCRIP currently going 4th correction and its sub-wave "B" "C" is bending. once this scrip complete 4th correction we will expect 5th impulse.
Trend BreakoutThe 30 min chart making lower high and lower lows and took support at daily level and also on Fibonacci 61.80 level (Strong Support), now it may break the trend at the confluence point.
IDCFIRSTBANK, Inverted Cup and Handle like patternIDFC First Bank is forming an Inverted cup and handle like pattern, if it breaks today's low of 55.3 then it will get confirmation.
IDFCFIRST BANK POSITIONAL TRADE ANALYSISIDFCFIRST BANK BUY ABOVE 58 SL 55 TARGET 61-64-69, CAN ALSO BUY APRIL 60CE/62CE
Swing Trade Idea #246 : Long on IDFCFIRSTB This is a public swing trade idea 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 it 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.
Target 1 (57%) achieved in 6 Weeks. Trade is ON...This is follow-up on IDFC First Bank. Can check link to related ideas.
Target 1 achieved in 6 weeks. More than 57%. Trade is ON.
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only.
