Search in ideas for "IDFC BANK"
Symmetrical triangle Wait for breakoutIDFC bank on the daily chart making symmetrical triangle pattern (it is a consolidation pattern) after that stock gives on whichever side breakout we can take an entry
currently traded on 29rs if stock give up side by we can buy the stock and next resistance for the stock was 34,36 & 40rs
if stock give breakout to the downside so next support was 26 & 22rs
Always respect risk
don't take more than 1% risk of your total capital on signal trade
IDFC BANK Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
IDFC Bank showing strenghtChange of trend from down to up is seen , wait for a BULLISH REVERSAL pattern for confirmation before entering.
IDFC Bank - Possible Double Bottom ?Please keep the stock in your watch list. A possible double bottom is in formation in the scrip.
Trade not yet active. Await updates
IDFC Bank - Breakout above 61.50Downward channel likely to break once price trades above 61.25-50 zone. Buy on breakout for Tgt of 66.
idfcbank - value pick ( next yes bank?)There is no doubt that financial Services and NBFC’s have been the leader of this Bull Market. IDFC is one of the newest bank and has recently completed its 1st Full year of Banking operations has done pretty well.
Let’s understand the larger trend that has emerged in the Private Banking space.
There have been different strategy era’s in the private banking space in the last 15 years which has resulted into wealth creation for Investors.
2003-2009 was about branch expansion and cross selling on services like credit card and auto loans which made the Emergence of HDFC Bank and ICICI Bank.
2009-2016 was about Kotak Bank, IndusInd Bank and Yes bank, where they emerged as the Fastest growing banks due to their focus on Niche Services and Digtal Foray.
2016 – 2020 the trend is clear i.e. its Digital Plus Rural. Till now banks have concentrated on 20% of population who has 60% of the countries net worth, however going forward the focus will be on the 80% population which doesn’t have access to credit facilities. With Digitalization, financial inclusion has become a possibility and the leaders in this pack could be IDFC Bank and RBL Bank.
10 Important Factors you need to know about IDFC Bank.
Factor #1 – About The Management Management – We look at the Banker rather than bank only. Dr Rajiv lal is a veteran economist for last 30 years and has worked in various RBI Committees along with ex Governor Raghuram Raju, he has been a partner of popular private equity firm Warburg Pincus, head economist at Morgan Stanley clearly suggesting that he is a seasoned player who understands the game really well.
Factor #2 About the Bank – IDFC became a bank from an NBFC in October 2015, It offers wide variety of corporate and retail banking products and services to ~1.38 million customers. The Bank enjoys a presence of 74 Core Branches ; 47 ATM’s ; 8,600 points of presence covering 20 states, 150 districts, 19 major cities and almost 33,000 villages.
The bank is Divided into 3 Parts
1) Bharat Banking – (Rural Side of the Bank) –This is the Microfinance unit of the company which started after it acquired Grama Vidiyal Micro Finance and has a unique outreach model to cater to local consumers. It has its branches built in difficult geographies and it has a unique outreach servicing model focused on financial inclusion. IDFC has acquired 12 Lakh customers in a small timeframe of 1 year.
2) Bharat Plus – (Digital urban focused side of the Bank) It primarily caters to the needs of mass affluent (Salaried class) & affluent segment (self employed) business banking segment. The Bank has acquired 1.4 Lakh Customers since inception, out of which 20,000 are digitally acquired.
3) Wholesale – This is the legacy exposure of Infrastructure loans the Company had before it became a bank. The Percentage of Infrastructure loans have come down from 75% to 51% in FY2017 after 1.5 years of commencement of bank.
Factor #3 -Branch Light and Asset Light Business Model. –
IDFC bank is the bank of the future is focusing more on technology and partnership and rely less on branches. Currently it has 74 Branches under its network likely to go up to 200 Branches by 2020 and corporate Business Correspondents will go up from 350 currently to 1000 by 2020. Further aggressive use of micro ATM’s to 100,000 touch points from 8600 Currently & is expected to make en-roads in making banking simple and accessible, anytime and from anywhere along with Bank focus on serving the rural underserved communities & self employed. The average break-even of new branches is 4-6 months, the lowest in the industry.
IDFC First bank Re-RallyBanking stocks have largely underperformed benchmark nifty, however it seems that banks are having a rally(expectedly before budget) and IDFC First bank is poised to reap good rewards. Currently trading at LTP: 83.0 and breaking a major resistance. It is very likely that IDFC bank may give another 8-10 % in the coming 15-20 days. One might carefully strategize a bull spread to maximize profits.
