IDFC Bank: Coming Out of a Long Down TrendStock is breaking out of a 3 year down trend...If it sustains above 37-38...we can see a move towards 60-70-60
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can add Capital first with 632 as stop loss IDFC bank and Capital first merger talks going on. its good buy at this price level .with stop loss 632 we can accumulate this stock
for every 10 capital first you get 139 shares of IDFC bank
capital first = 6480*10 =6480
IDFC bank = 50*139 =6950
if you invest 6480 you can get 6950 470 as profit
# IDFC BANK • IDFC first Bank 113 level support
• support level break out 102 fast selling
• selling stock
• Only education purpose stock analysis
IDFC BANKNSE:IDFC stock is waiting for flag pattern breakout. Buying entry is break and close above the flag pattern in day candle (around 128 rupees).
First Target is 140 to 145 rupees,
Second Target is 150 to 155 rupees,
Stoploss is close below the flag pattern.
IDFC Bank ready for long swingI am accumulating IDFC first Bank from 52 levels since it broke upward from the pivot. Massive Delivery based buying can be seen in the last few days. Considering the positive results yesterday one can think of buying for a long swing if it opens above 58 ( preferably gap up) and shows volume. Personally, I think this stock can be a multi-bagger if the growth story continues.
IDFC FIRST BANK 1D TFIDFC Bank broke and retested the channel pattern. It might be risky trade but with good R:R.
CMP :- 50.55
SL :- 46
Target 69++
R:R :- 1:4
P.S. :- Also a good stock for long term, can give good returns in the coming future.
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 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 bank cp 73.02long term flag pattern create at daily ,weakly chart.support 70 closing based.resestance 80 if its cross and trade above then possible to achive 108.but stoploss 70 closing based
IDFC Bank long term target is 145, see the analysis It is superb time to accumulate the stock, soon there will be flag breakout and it will be reach to 145 within weeks. See the chart for probable reason.
IDFC Bank Stock is in strong uptrend and near to breakout of ascending tringle trend continuous pattern
Can go LongIdfc bank looking good on technical charts, Can go long above 52 for a target of 60. SL 48.5.
Approaching the mother of all trend linesIdfc bank has taken a support at this trend line continuously since March 2020 correction. The fundamentals are improving every quarter and it is reaching escape velocity to be regrouped from deep value to value to Blue chip in a few years. There has been huge institutional buying at the levels of 57, which will serve as anti-gravity level and leaves very less chance for a big correction.
If something goes horribly wrong in the market, it might go to levels of 45-47 but this would create attractive buy from these levels for a target of 70
IDFC BANK UPTREND ON MONTHLY BASIS CHARTGOOD AND STRONG SUPPORT ON MONTHLY CHART AND WEEKLY GOOD BUY THIS LEVEL FOR GOOD RETURN
