IDFC FIRST --SWING TRADE --28/02/2023IDFC FIRST BANK --SWING TRADE --28/02/2023
1. stock seen lower channel breakout last hourly candle
2. support form around 54 level and move above 21, 44 HMA on hourly chart
3. BUY near 55 LEVEL target 56-57-58 ( 1-2) session stop loss bellow 53.25 level
4. bank nifty seen some pullback from oversold level
5. CCI , ema crossover seen .
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IDFC FIRST BANKIdfc first bank is consolidating from long time in a range or we can flag and pole in long term, currently idfc is making second wave or resistance becoming support for this share.
If this can happen we can see 88 in idfc first bank as breakout of this structure or abcd pattern
Thanks
IDFC First Bank Ltd. IDFC First Bank Ltd
IDFC FIRST Bank is an Indian private sector bank formed by the merger of the banking arm of Infrastructure Development Finance Company and Capital First, an Indian non-bank financial institution.
3 year CAGR growth
Revenue 14.8%
NetProfit %
OperatingProfit 36.4%
IDFC FIRST BANK on wait and watch modeIDFC FIRST BANK CMP 74.21 - 25 % dip from top .As per fib retracement levels IDFC FIRST BANK Trading below 0.5 level ,75.5 is a support , and price is trading below 75.5
as per my analysis Uptrend will resume when price move above 77 or 80. could be safe entry.
Please Note its my personal view its not a Buy or Sell recommendation
IDFC First Bank Ltd. - WEEKLYIDFC First Bank Ltd.
IDFC First Bank Ltd.'s price is consolidating within a triangle formation on the lower side of the downtrend.
Technically 27.20 - 27.80(100EMA) are the resistances for the price. Whereas 23.50 - 22.10(50MA) are may act as support in the short time frame.
Price needs to produce a breakout from the mentioned support and resistance zone for a clear directive future movement.
KEEP AN EYE!!
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IDFC First bank Ready for Entry IDFC first bank 🏦 is ready for an entry for long term investment 🤑💰, Expecting 100 % returns in upcoming months and years🎯💯✅📉📈,
Just historical data analysis, as per my view, whenever IDFC breakouts the trend line it's always gives near 90% to 100% returns. Expecting this time also 100% returns, the stable government is bulide in India for an upcoming 5 years it may give more than 100 % returns for long term
IDFC first bank move will startIDFC first bank is now ready for the move. It has good breakout in D W M timeframes. in 15mnt it was also retested too. According to my thinking this stock can double very quickly. Please also see previous breakouts which i mentioned for demo (grey area). The longer the consolidation the higher it can go so this time is has nearly 1yr consolidation breakout. So it will go long way. First immidiate target is 100 then further move according to fibo extensions. Move is till 230 but i cant show in one screen. Please follow my given targets & i will keep updating this post.
Keep this in mind. Options is a dangerous instrument to play. Please do not go wild on anything unless you know exactly what you doing. Even though your direction is right still you tend to loose in option buying. And market can always prove me wrong and i take that rights too. Experience traders also fail in this market. Only risk management will give you an edge. Don’t take any trades without SL. Respect the market, Ungli nahi katoge to pura hath katna padega. Beware.
DISCLAIMER: I AM NOT SEBI REGISTERED ANALYST. ALL POSTS ARE EDUCATIONAL PURPOSES.NON ADVISORY, DISCRETIONAL NO CLAIMS, RIGHTS RESERVED. I AM NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS.
IDFC FIRST BANK LONGTERM GAMEIDFC FIRST BANK one of my long term stock list in the "Multi Bagger" Basket. Recently it pass the multiple analysis, FVG Monthly, CUP n HANDLE pattern, BREAKOUT Retest. In terms of Technically. Also fundamentals are good. In next 10 years second level Bank has the good growth when compared to the leading banks.
IDFC First near to bottom out if gives monthly close above 82IDFC First Bank is making P&F pattern and as of now it is making falling wedge pattern within the flag.
It seems to be very near to finish the bottom if it protect this area of 70-74 properly.
A monthly close above 82 can be a positive sign for P&F pattern breakout.
Actual breakout starts above LTH(100).
So with a stop loss below 70 it might be a good investment idea but if it follows the theory it can might take some time.
A safer entry (breakout) could be above 82 with a monthly closing.
A top above 100 with a weekly/monthly closing above 100 (LTH)
Final target can be up to 130 as per P&F pattern.
IDFC First Bank : 34% to 218% Upside Potential#IDFC First Bank : 01 Jul 2024
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In Play : HH : HL
Summary
• CMP : 82
• Clean Price Action with Vol favor's BULLS FOOT PRINT
• Nice CONSOLIDATION of around 8-10 months
• Trading right AROUNG VP mountains
- ATH : 100.70
Conclusion
• CMP 82
• Looks good for going NORTH
• Higher Levels could be around
o Imm Higher Levels : 110/124
o Potential Levels : 168/262
Wish You Happy & safe trading
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Happy Trading
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IDFC FIRST BANK - LOW RISK HIGH REWARD ENTRY !!IDFC first Bank seems to be in its significant third wave, and it appears that it has finished its fourth minor wave of wave three. Additionally, it has formed a recognizable ABC decline, which concluded with a classic panic selling and an equally dramatic upside pullback, typically occurring at the end of wave C. How can we approach trading this situation?
Considering the current levels, it seems to be a favorable purchase with a stop loss below 70. We can anticipate a minimum target of 113, providing us with a highly favorable risk to reward ratio of 1:4.5.
Note: I refrain from conducting intricate wave counts as it can be overwhelming for numerous readers and to ensure simplicity.
Disclaimer: Please note that the information presented in this analysis is intended for educational purposes only. It is highly recommended to seek advice from a financial advisor before making any investment decisions. I cannot be held accountable for any financial losses that may arise