bullish divergence in 4hrly then dow theory is changing making higher lows, could be a very good pick for 20-30% retuen on investment
IDFC LTD is receiving very good support on daily EMA, also the monthly RSI looks positive. It also forms a good cup in a weekly/ monthly time frame, that is what the green line suggests at around 118.0 which might work as good support.
On 3rd July 2023 IDFC announced merger with IDFC First Bank on a 1:1.55 Ratio. So post merger for every 100 shares of IDFC, share holders get 155 shares of IDFC First Bank. This opened up an arbitrage opportunity and this chart shall show the arbitrage value. The Thick blue line is the IDFC First Bank's value of IDFC share price.
Look like inverted H&S Sideward move short term, above 131 its gud to buy fresh buyer
Buy from cmp to 124.5 sl close below 124.2 east tg - 128 tg2 - 130 tg3 - 132 Not suggested Disclaimer : This is my personal analysis for study purpose not intended for trading.
Moved down and is forming flag. If breaks the downside and below 200 MA, Downside is confirmed and can enter for a good downward move
idfc bank forming acending triangle and reversing at a good support area A Good Positional pick or foswing with SL of 120 and targets of 128, 131,144 and above.. note: i am not sebi registered and this is my personal view
As Per AB=CD Pattern looking for Buying ..........CMP 114.30 BUY AROUND 112.20-114.20 SL 109.9 TGTs 121/29/37 ( Positional )
we can see that the stock is in the downtrend for the large time.But the this year monthly candles is showing the bullishness of the stock,Hope that the stock will give breakout soon and enter the bullish rally.(only for educational purpose) Enter only after breakout.look at the candle close in the weekly timeframe and sit back untill it confirms and then enter...
Idfc buy at 117.80 sl 113 upside tgt expect upto 124++
Stock is forming higher highs and higher lows which is he basic definition of an uptrend and has given a breakout of 15 years of range in an impulsive manner. The impulse unfolding will have a five structure of which 'Third-wave' is still unfolding. As we already know that Third waves are the wonder to behold, the Stock has a potential to reach 220-240 in the...
Stock has given a breakout of 15 years of range and rising in an impulsive manner. The impulse will be unfolding into a five structure of which 'Third-wave' is unfolding. An we already know that Third waves are the wonder to behold. Stock has a potential to reach 220-240 in the coming 1-2 years. On the downside major support is at 75. Only a sustained closing...
Triangle patterns are aptly named because the upper and lower trendlines ultimately meet at the apex on the right side, forming a corner. These patterns are formed once the trading range of a stock or another security becomes narrow.
16th trade in the series Buying IDFC in DAILY positional trade
BUY - IDFC LTD CMP - Rs. 100 Target - 1: Rs. 120 Target - 2: Rs. 145 Target - 3: Rs. 170 . . Technicals - Resistance BO . NOTE: 1) Tentative period for Target - 1 is 3-4 months. 2) Tentative Period for Target 2&3 is 1-2 years. . This is just a view by an expert analyst, please invest at your own risk. . Follow me for more!