IDFC First Bank - Study - Long above 47.5IDFC First Bank in resistance zone - above 47.5 will reach immediate target of 49.95. Major long term trendline resistance at 50.
T1- 49.95
T2 - 55
T3 - 66
T4 - 80
Stoploss: 41.75
Search in ideas for "IDFC FIRST"
IDFC First A clear Buy for target of 60, Hold 6-10 weeksIDFC First gave clear Buy in range of 50-52, With stop loss of 40 on 1 day closing Basis, with target of 60. It will take 6-10 weeks for completion of Target.
IDFC first IDFC first gives a buying opportunity around 48 with a short term target of 54-56. Stop loss hould be 44
IDFC First Bank Shines with Excellent Q1 Performance.IDFC First Q1 Result.
Impressive performance across the board! Deposits up 44% YoY, Advances up 25% YoY, Profits up 61% YoY. Net NPA down to 0.7% (Which is very good indication). ROA at 1.24% vs 0.97% YoY. QoQ net income down -731 Cr. vs 816 Cr. in Q4FY23, but excluding a one-off income of 180-200 cr. from the last quarter, results are still better on a QoQ basis.
Why to Invest in IDFC first ?
They are many reasons to invest in IDFC Bank, but trading in this company seems risky and tricky right now. However, if you are someone who believes in the narrative that for India to grow, the banking sector would have to follow the same path, then undervalued and growing banks will benefit the most. Stocks like IDFC First Bank are more likely to double their Market Cap. So, if you are a long-term and serious investor like me, this analysis will help you.
Why to Avoid Trading ?
Now, let's discuss why trading this stock is currently considerably risky. The stock is trading near 200% of its support level, following a special channel pattern known as a big-length rectangle pattern, which makes it riskier from a trading perspective.
How to Invest ?
We plan to take a longer position in this stock. As visible from the chart, the stock has tested its resistance on a weekly timeframe. As, we all know Q1 results are out, Earnings have been impressive, indicating a potential strong breakout with good volume. If that happens, we'll invest half of our money and wait for a retracement before putting in the rest. But, if the stock falls instead of breaking out, it'll be a great opportunity to invest, and in that case, we'll wait for a consolidation.
Note- I am not a SEBI registered, Please consult to your Advisor before investing.
INVERTED HEAD & SHOULDER IN IDFC FIRST BANKIDFC FIRST BANK was consolidating for a while at this price range.
IDFC FIRST BANK has formed inverted head and shoulder in hourly time frame.
IDFC FIRST BANK was at strong resistance at 57.10 which has been broken with a positive bullish candle.
IDFC FIRST BANK is fundamentally strong and promising future.
Let me know if you have any suggestions or recommendations.
Thank you.
Disclaimer :- Just an idea not any recommendation.
IDFC FIRST BANK (Psychology Analysis) Date 10th April 2024
Time: 3:30
IDFC FIRST BANK was in a correction from last year's Sept.
After showing full correction Wave At the end of March it Gap Down and from 1st Day of April it Started moving up seems like its short covering .
But More Confirmation for going long is on 8th April IDFC Gap Up and Going upside continuously.
and finally, today it breaks Out from Resistance Line and give closing above it.
Round figure Price level 80 is Strong Support with SL of 81 We can Long IDFC FIRST BANK.
Target ATH Price with 1:5 Risk Reward.
Thank You!
IDFC FIRST BANKI am posting this idfc first bank chart third time, idfc bank in 4th elliot wave as per bigger time frame chart it will need to form 5th wave.
we can see a corrective wave of abc to form 5th wave so I am sharing two cases in this script:
- in 1st case if last low doesn't broken it will come around 71.35 then it will go around 95 target
- in second case it will go below last low around 69 levels then it will go around 88 levels, it will give breakout of 84 zone
Thanks
IDFC FIRST BANK SUPPORThere are the strong support and resistance levels for IDFC First Bank (NSE: IDFCFIRSTB) as of today, January 24, 2024:
Support Levels:
81.40: This level has acted as support multiple times in the past and could hold again if the stock price falls further.
IDFC First Bank support level 81.40
78.35: This is a longer-term support level that coincides with the 50% Fibonacci retracement level of the rally from the March 2023 low to the August 2023 high.
72.00: This is a major psychological level and the 61.8% Fibonacci retracement level. A break below this level could signal further downside potential.
IDFC First BankVery positive movement going on in IDFC First Bank shares. Stock is uptrend and trading near it's resistance.
Wait for breakout !!!
Buy IDFC First Bank above Rs. 32.75 for the Targets of Rs. 35.90 and 42.75..
Comment your views...
Thank you,
Vishwajeet Sharma
IDFC FIRST BANK 100 ?After forming AMD, idfc first bank is in 3rd primary impulsive wave of elliot wave and 4th major impulsive wave of elliot wave. we can see targets of above 100 in this share soon.
Also forming a falling wedge
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.
IDFC First Bank Quite similar setup to its parent IDFC ltd. Only difference is IDFC First is yet to give multiyear breakout and is hovering near the trendline on weekly timeframe.
IDFC First BANK Long SetupBuy IDFC FIRST BANK at 52.50 with Stop loss of 48 for the target of 58 and 61 and 68
MY first choice IDFC FIRST BANK IDFC FIRST BANK have previous records and pattern and that repeat again
Technical points
1 - down rising channel
2- Strong support on bottom
3 - hold the top of fab. point
4 previous bull run was came when is go down in channel pattern
First channel performance
Date 31-jan-2022 to 6-dec-2022
first reached on top of 50 and came down 28 in the channel when given reversal to 62
second channel performance
6-dec-2022 to 5-sep-2023
on the top of 62 he came down and reached 52 and than get reversal and make top of 100
third 6-sep-2023 to 27-november today
now its reached at same price of 62 and create bottom now we looking for a fresh reversal and channel breakout
First TRG - 86
Second TRG -98 & 102
Third TRG 120 and above 140
SL 48
only for the long term time duration minimum 1 year
IDFC First bank a potential buy at 68 rupees I'm thinking of buying IDFC First Bank shares at 68.25. What do you think? Have you been following the stock recently?"
Disclaimer: While I can provide information and analysis based on the data available, I cannot offer specific financial advice. It's essential to consult with a qualified financial advisor before making any investment decisions.
IDFC First BankAs per past performance of IDFC First Bank 22 December 2024, it will bottom out at Rs.55. From there it will reach 225 to 240 in March 2026. There will be a good 3x return from 55 rupees level about 15 months from December 2024
IDFC First bank Short StrategyWe can entry a trade if it gives a clear green candle breakout above 75rs in a day candle, and expect a short term level of 78rs and if it breaks 78rs we can expect simultaneous target to be achieved, Make sure to set a stoploss just below the breakout candle.
As IDFC First bank has given news regarding the merger we can expect a good move on monday market.
Cheers happy trading!
disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk
IDFC FIRST BANK | Double Bottom | 62% RetracementEntry@74, SL-70,TG-84/98
IDFC First Bank Stock has complete 4th Wave and is now moving into 5th wave.
Idfc First Bank Date 21.07.2024
Idfc First Bank
Time frame : Day chart
Key notes & points mentioned in the chart
IDFC FIRST BANK 1HRSWING TRADE
- EARN WITH ME DAILY 10K-20K –
IDFC FIRST BANK Looking good for Downside..
When it break level 82.16 and sustain.. it will go Downside...
SELL @ 82.16
Target
1st 80.93
2ND 80.12
IDFCFIRSTB JUN FUT – LOT 8 (Qty-60000)
MINIMUM 10L CAPITAL
Enjoy trading traders.. Keep add this STOCK in your watch list..
Big Investor are welcome..
IDFC FIRST BANK Long PositionalDate : 22-06-2024
-------------------------------------
SWING RESEARCH TO OBSERVE
Structure Breakout
IDFC FIRST BANK Looks Good @ CMP
SL 72
Target 89, 95, 100, 106, 118
Hold few weeks
Please consult your financial advisor before investing
All research for educational purposes only.
AMAZING opportunity at IDFC First Bank Idfc first bank currently trading at 77.80 is attractively placed for anyone looking to invest in banking stocks. With economic cycle turning around and interest rate cut right around the corner, one might also look at this as a swing trading opportunity. However there are some downside risks namely 1.Delay in rate cut due to any no. of reasons 2. Unfavourable monsoon 3. Global geopolitical scenario 4. Underperformance of current coalition government
IDFC FIRST BANK I have added my view on IDFC first bank for swing trading analysis
And also added target 100rs with stoploss
