IDFC trade ideas
Intraday....Short on breaking support lineRetracement can form at the opening...therefore do not trade if green candles form..
long idfc for a target of 50% form hereprices are rejecting further downwards move, long are waiting and inviting some short to trap,buy with a stop loss of 50.70 for a target of around 30-50% form here.
IDFC LTD - Long - PositionalIDFC LTD closing on moving averages with good volume.
RSI - Positive
MACD - Crossver
Volume - Good
IDFC Bullish Wolfe wave Target 76+NSE:IDFC is in good demand zone. One can buy with for Target of 76 in 4 to 5 months holding with stop loss of 52
Buy Short & Medium Term14-01-18:
Buy 66-67
Short Term Target 71,
Medium Term Target 74, T2-82
Stop Loss 63 (Closing Basis)
Looking for a Breakout on triangle patternHere we r looking for triangle breakout pattern and we place 2 orders, need to cancle one trade when another got triigered .
Time frame: day
stop loss for buy 59
stop loss for sell 58
IDFC - Symmetric triangle formation NSE:IDFC has formed symmetric triangle one can go long on break out.
Go long above 63.80
T1 - 65.80
T2 - 67.90
Sl - 61.10
IDFC - Trend Continuation Breakout It has been observed that the price action is trending upside with short correction after every upward move. Now, the current short correction seems to be over with the current breakout.
T1- 64
T2- 66
SL- 60
IDFC Ltd - Smaller breakout setting up for the bigger breakoutIDFC made a small triangle breakout today for tgt near 69 where it will get ready for a bigger C&H breakout eventually. Can be bought positional as investment for next 6 months and it could prove to be a doubler.
Double bottom formation in IDFCIDFC is on verge of a minor breakout from a double bottom formation. It can be bought now with a target above 67 (50% of W shape height) with a stop loss of 60 (below 0.618 fibonacci).
Buy IDFCBased on Fibonacci retracements and analysis, IDFC is bound to bounce to 59.5 levels in 5-6 trading days as it is trading at crucial confluence zones of past 2 retracements.
Once the support line is breaken down,we may go for short sellOnce the support line is breaken down,support is converted as resistance and we may go for shortsell as they will be strong patter breakdown.
Depending on tomorrow market movement take the decision.
IDFC attempting Formation of 'W" PatternIDFC: @ 56.7 (1.55 PM, 13/06/2017)
Attempting Formation of 'W" Pattern.
Trading Strong Support at Fib. Retracement 0.382
Attempting to enter Ichimoku Cloud from Below.
All short term levels plotted in chart.
Swing levels:
RES: @ 57, @ 57.3, @ 57.8, @ 58.15, @ 58.45+
SUP: @ 56.2, @ 55.6, @ 55.3, @ 55.1-
More Updated Later.
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IDFC - Can break consistencyStruck around pivot line, show similar consistency during mar and apr, 17.
If it breaks resistance/pivot level and show bullish trend
From current levels, New resistance TP=74, 80
SL could be 55
