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IDFC FIRST BANK "BUY CALL" 14% TARGETThis channel provides Nifty and Bank Nifty analysis and provides swing trades for equity.
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IDFC FIRST BANK :- TRADE PLAN 27 JUL ONWARDSPossible Broadening Formation, Right Angled and Descending shaping up in IDFC FIRST BANK.
Waiting for breakout & confirmation of the pattern!!!
Levels mentioned on chart.
Trade Plan:
Buy –29.15
Target 1 – 34.20
Target 2 – 36.20
Target 3 - 38.50
Strict stop below - 26.65
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind,Jai Bharat
IDFC First - Short term breakoutAbove 26.90 the stock could do 30.
SL 3% below buy price.
Over the weekend vodafone paid interest to its bond holders. IDFC First has provisioned approx 1700 cr of Vodafone-Idea in its books. They can either show that as profit now that it must have become a regular account or use that provision for Covid based defaults while not affecting its profitability next quarter.