IDFC FIRST BANK, MULTIPLE CONFIRMATIONS1) In weekly TF we can see a flag and pole pattern formation and taking support from 200 MA
2) In daily TF we can see falling wedge pattern BO and consolidation below 200 MA
3) In daily TF we can see a triangle pattern formation ,after breakout of triangle pattern and price above 200 MA, we can see short term target of 5-7% and long term target of 15-20-25%
Search in ideas for "IDFC FIRST"
IDFCFIRST BANK - Completed retracement and waiting for GunfireIDFC First Bank after the head and shoulder pattern has retraced to price levels of @ 40 INR. I has resumed its upward journey is nearing long term resistance. In last rally it has tested this resistance of @ 51.5 and tested it and had moved further. In this rally if it breaks price of INR 52 on closing basis it will be headed for next resistances as marked on the charts.
Only for academic purpose.
Upturn in IDFCFIRST BANK!!!IDFC FIRST Bank has formed a perfect channel pattern on a daily chart on a downtrend and now it has started its upturn from the very bottom. If this continues breaking the (blue)trend line, we can expect it to reach till 50 before its next event date.
Disclaimer: Kindly consult with your financial advisor before taking any trade.!!
IDFC First at crucial S/R levelBUY GUIDANCE:
Never ever buy before 3PM . I have been burnt many many times. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
IDFC FIRST BANK DAILY TRENDLINE GOOD PLACE TO GO LONG buyREASONS TO GO LONG:
> PINK ZONE 46 previous resistance can act as a very good support.
>@ DAILY trendline so upwardtrend is still intact unless it breaks it.
We can enter @cmp with SL: 44 IF it breaks that level then we might see 36 33 levels.
:
IDFC First Bank Swing Trade (IDFCFIRSTB)IdfcFirstB saw its great run from 20 to 69.46. The stock is been falling since June from 61.90 to 53.52.
On the 15 min time frame its forming a symmetrical Triangle.
54 is also the current strong resistance, If the triangle Breaksout on the upperside i.e above 54, then it will reach the target of 55. 55 will also act as crucial resistance ( As per current data).
If the Stock Fail to cross 54 on the upper side it will surely meet 53.4 on the downside.
For Educational Purpose only :)
Happy Charting. Have a profitable Day.