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"It’s been a year now—could this be the turning point?"❓What do you think about this merger and future growth of IDFC First Bank? ⭕️"Can IDFC First Bank still become the next HDFC Bank?"⭕️ 📍An order block zone is a price range where large institutions have placed significant buy or sell orders, creating strong support or resistance. These zones often lead to price reversals or consolidations 📍It help traders identify where the "smart money" (institutional money) has previously influenced the market, giving insight into likely future price reactions around these levels. ✅Technical Analysis:- "For now, there is a bearish trend with a strong sell sentiment. However, once the order block is confirmed, the price may shoot up like any other stock." ✅Fundamental Analysis:- ⚡️A rise in IDFC Ltd could enhance sentiment towards IDFC First Bank. ⚡️Increased stock may improve the combined entity's market valuation. ⚡️profit after tax of ₹201 crore for Q2 FY25, up 28% compared to last year ⚡️The merger aims to enhance operational efficiencies and align management practices with leading private sector banks ✍️Nifty50 is officially below the BUDGET2024 swing low as of today. The support level of 23900 was tested and sustained today. Considering the chart structure more weakness is expected.(Take this into consideration too, while investing or trading) 👀IDFC First Bank's stock has declined recently due to the following issues: ⭕️The bank experienced a 10% drop in net profit for Q4 FY24 ⭕️Provisions increased to ₹722 crore, raising concerns about managing non-performing assets effectively 💡Conclusion🎯 IDFC First Bank has established itself as a significant player in the Indian banking sector, focusing on retail and corporate banking services. The recent merger with IDFC Ltd. is expected to enhance its growth trajectory and operational efficiency. ✅Check out my TradingView profile to see how we analyze charts and execute trades. ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️ 🙋‍♀️🙋‍♂️If you have any questions about this stock, feel free to reach out to me. 📍📌Thank you for exploring our idea! We hope you found it valuable. 🙏FLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
NSE:IDFCFIRSTB
by ReviveTraders
IDFCFIRSTB | Multiyear Breakout📊 DETAILS Sector: Bank - Private Mkt Cap: 61,975 cr IDFC First Bank is engaged in the business of Banking Services. IDFC FIRST Bank was founded by the merger of Erstwhile IDFC Bank and Erstwhile Capital First on December 18, 2018. TTM PE : 21.29 (Average PE) Sector PE : 24.27 Beta : 1.07 📚 INSIGHTS MC Insights PRO Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators 12.91% away from 52 week high Underperformer - IDFC First Bank up by 0.4% v/s NIFTY 50 up by 1.99% in last 1 month 📈 FINANCIALS Piotroski Score of 7/9 indicates Strong Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:IDFCFIRSTBLong
by Munish_Jain
12
Bullish Federal Bank in the short term Federal Bank has a great setup for a bullish move till around 160. Good volume and price setup. It might not be immediate, but within the current week (6 Feb to 9 Feb). My analysis won't be applicable if it falls below 144. A lot of peer stocks, i.e. stocks in the banking sector, are also looking good. One name would be IDFC First Bank, though in comparison, Federal Bank hasn't corrected as severely as IDFC First Bank. Keep an eye on HDFC Bank. It is stabilizing at current levels (1440) and can head back up to cover a few of the gaps. When this happens, other banks may also participate in the rally. Federal Bank 160 CE is a very low-risk trade, with a CMP of 0.75, that I MAY BUY. Exercise caution before taking any trades. This is just for educational purposes. I may act on my analysis and may have a personal interest, though, at the time of posting this, I have no open positions in Federal Bank or IDFC First Bank. Consult with your financial advisor before taking any trades.
NSE:FEDERALBNKLong
by inteliigentrader
NSE IDFCFirstBank Bullish Cycle Started Preface: IDFC First bank is ready to march upward. After making the high of 69.30, the Price has started the corrective wave four and took 179 days to complete. The ending point of wave 4 is the starting point of impulsive wave 5. Wave Formations And Fibonacci Relationships: Wave 1 is a Leading diagonal which has a 3-3-3-3-3 sub-wave structure. Wave 2 is a combination where wave 'W' is a zigzag & wave 'Y' is a triangle. Fibonacci retracement of wave 2 is 38.2% of wave 1. Wave 2 is not exceeding the starting point of wave 1. Wave 3 is an extensive impulse. 3rd wave has 261.8% retracement of wave 1. Wave 4 is a zigzag correction with a 5-3-5 wave structure. Sub-wave of wave 4 fulfilled the rule of equality (wave A= wave C). Wave 4 retraced 78.6% of wave 3. What will happen next? Completion of sub-wave C indicates that the corrective wave has ended. Price has started forming sub-waves of wave 5. Wave (ii) retraced 78.6% of wave (i). If the IDFC First Bank breaks the high of wave 1, it will confirm the impulsive behavior of wave (iii). (Note that the ending point of the corrective wave is the starting point of an impulsive wave.) A trader can expect the following targets: 64-74.64- 86.2+ Target 1: 64 {Clusters: high of wave B,161.8% of wave (iii), 78.6% of reverse Fibonacci retracement of wave 4} Target 2: 74.64 {Clusters: 2.618% of wave (i) through (iii), 161.8% of wave 1 through 3} Target 3: 86.23 {Clusters:78.6% reverse Fibonacci retracement of wave 4, dynamic resistance}
NSE:IDFCFIRSTBLong
by forextidings
16
Positional Buy Trade opportunity | IDFC FIRST BANK | MID-TERMNSE:IDFCFIRSTB On Daily time frame, it is still trade below 200DMA. 200DMA is placed at 53.05 level. Also it closed in the resistance zone of 52- 52.50. It will be bullish once it give sustainable breakout of 54 level or 200DMA. All the targets are mentioned on the chart. Please refer below chart : 1day Time Frame. ***************Please note this is my own study/opinion, it is not a trade recommendation********************** Please Consult your financial advisor before making any investment.
NSE:IDFCFIRSTBLong
by Trading_hawk
2
END OF THE DOWNTREND-IDFC FIRST BANKIDFC bank has been making lower highs and lower lows since past few weeks ,but since last few days the things have been changing for it as its clearly seen that the stock is trying to make reversal with a double bottom.Finally it has given a strong closing above its resistance of 52.25 and a healthy pullback.The feather to this trade idea is the option chain data showing huge call unwinding at multiple strikes. the results are yet to be out ,defensive players can enter after the result volatility(if persists) otherwise one can take entry around 52 with SL of 49 and two targets of 61 and 70.trailing your stop losses after 55 is suggested as we would see some healthy pull backs which would either help in pyramiding or taking multiple swing entries
NSE:IDFCFIRSTBLong
by gunechadeep
2
Morning Fall, Afternoon bounce back & a flat EODNIFTY 50 EOD ANALYSIS 10-12-21 In this post, I talk about the analysis for the day and the trading range for tomorrow. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow. O 17476.05 H 17534.35 L 17405.25 C 17511.30 EOD -5.55 points / -0.03% SGX Nifty 10-12-21 @ 2000h = +46 points FII DII = -706 Crores CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty opened with a mild gap down and then sold off to test 17450 levels and then immediately bounced back and made high for the day and then met with the long standing resistance around 17540 and fell in a gradual manner. In the process it made failed attempts to retest 17500 and then fell further towards 17400. For almost an hour, Nifty could not make u its mind as there was an intense fight going on between the bulls and the bears around 17400 levels. Eventually, bulls managed to win and made a sustained and steady recovery but failed to close above the previous close. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 95 Top 5 Draggers contributed = 93 Net = +2 BANK NIFTY WEIGHT LIFTERS & DRAGGERS Top 3 Lifters contributed = 97 Top 3 Draggers contributed = 88 Net = +9 POSITIVES Nifty closed the week above 17500 and Bank Nifty above 37100. This is a good relief after seeing a lot of negativity in the last few days. It is good to see non heavyweight stocks helping Nifty stay neutral and in case of Bank Nifty scrips like IDFC First Bank also putting in a great show. The Advance-Decline ratio is around 60-40 which is good considering the fact that the market was quite choppy especially in the session up to 1300h. NEGATIVES FIIs keep selling and not sure when this is likely to stop. HDFC twins and Kotak Bank kept the indices under pressure throughout the day. Choppiness is prevalent in the market but India Vix is going down. This is a confusing situation and I view it as a negative for the traders. The indices have made a lower high and Bank Nifty has also made a lower low. TRADING RANGE FOR 12-17 Dec 21 Nifty Support = 17200-300 may well be the new base. Nifty resistance = 17550-600-625-700-800 Bank Nifty Support = 36200-500-800 Bank Nifty resistance = 37200-500-700-38000 INSIGHTS / OBSERVATIONS Here is my tweet posted in the morning related to Bank Nifty: 37000 was fought heavily by the bulls and bears in the last hour yesterday and the bulls just managed to win. Today, the bears did not allow the bulls to take it easy and 37000 became a hard line to sustain. However, today as well, the bulls managed to close the day above 37000 and at 37105 to be precise. This is a positive sign. The first half till 1300h was very choppy for both the indices. India Vix was for sometime in the positive but as the indices started forming intraday base, it started falling. The recovery in indices was welcome, however, premium decays were seen in both the indices even on 37000 and 17500 CEs compared to the previous close as well the EOD prices. I generally like situations where the deputy leader scrip rallies and supports the indices. It shows that as and when the big head is down, the deputy is capable enough to hold the fort. This was the case with TCS which overshadowed Infosys today. What do you feel about this? Here is the video link -- Thank you, and Happy Money Making! Umesh 10-12-21 NOTE -- This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right. ---
NSE:NIFTY
by AVENUESOFINVESTMENT