BUY IDFCIDFC looking bullish in daily and weekly charts.
MACD line above signal line in both daily and weekly charts
ADX indicates strong uptrend
RS indicator above zero.
closed near 6 yr breakout. If +ve breakout happens, short term target is 71 and then 77.
best buy between 59.9 -61 ...
IDFC trade ideas
BREAKOUT STOCK IDFCBREAKOUT STOCK IDFC is trading on Daily Chart in a rectangle box pattern and it had just given us breakout
Blue Lines are TGT on Buy Side buy Above High of Lasd Candle
Sells side entry will be Top Line of Reactagle but only after Daily Candle close with next declining Candle for Safe Playes
Have a Profitable Trade
swing trader keep a eye on this stock😉NSE:IDFC
let see the price action = inverted head and shoulder pattern formed breakout happened.
target 1 =67
target 2=70
target3=75
stop loss= 56
IDFC LTD-LONG TERM INVESTMENTWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Idfc good opportunityAfter consolidation for a time it break the range and going up
Don't worry it will do 2 thing
1)it will retest
2)or take a pullback
Get ready to go in trade for long trend
Stoploss below range
Target 21 day moving average
IDFC - Multiyear BreakoutStock moving in a falling channel since 2009.
Breakout of this channel will mark a multi year breakout of 9 year channel.
keep a stop loss at 36 Rs
Risk is at 37% but reward will minimum twice the risk.
\keep trailing stop loss after the breakout & accumulate on dips
IDFC looks good for swing trading .IDFC looks good for swing trading from minimum 10 rs target can be achieved in very short period of time.
IDFC CAN BE UR HOTLISTafter hitting 5 times to trendline comes for breakout with good volume...wait for breakout and retest levels are mentioned
IDFC Price Pediction and Technical AnalysisIDFC is moving in Falling Wedge in longer time frame but in short time frame it is moving in rising wedge pattern.
We can see some correction in IDFC and all the given support and resistance is marked as a red line and accordingly you can buy or sell
IDFC Ltd- Nearing LongTerm Channel BreakoutIDFC has not Created any value for its shareholders in past 14 Years, However stock is trading at a inflection point Currently. Will we see the channel breakout here in IDFC? Only time will tell. However Interesting times are ahead for IDFC Ltd.
Management has talked about shareholder value creation few days back and they are serious about divestment of AMC Business, this will be value assertive for IDFC Ltd.
IDFC Ltd- A Interesting Case of UndervaluationIDFC is a Parent Company of IDFCFirst bank which holds Approx 37% Stake in IDFCFirst Bank.Currently IDFCFirst bank has a Valuation of 31000Cr. 37% will be Valued at 11000Cr.
IDFC also has Mutual Fund Business with 1.26LCr AUM. Recently Listed Aditya Birla AMC has a AUM of 3.1Lakh Cr. So Market is Valuing 1LCr AUM of AMC at 6000Cr Mcap. By this Logic, IDFC AMC should be valued at 7500Cr.
In Totality IDFC Business could be Valued at 18500Cr.
Current Marketcap of IDFC is Just 8500Cr, A Whopping Discount to its Holding Value. Market will discover this value and bet on IDFC, If they are bullish on IDFCFirst bank.
idfc ltd bullish harmonicsonce this red trendline is breached upside on close basis long in delivery for target of 73
good luck
Our most harmonic pattern hit the target, it takes efforts to study technical analysis so if you like the idea, please share & like the idea thanks
trade at your own risk
IDFC LTD. MultiYear Resistance Breached
NOTE -The above interpretation from the chart is my personal view and doesn't guarantee any success.
(Do talk to your financial advisor before making any investment decisions)
please like, share and comment if you have any suggestion regarding this analysis
IDFC LTD Breaching a Multi Year Resistance.
Probability of a Possible UpMove
reversal IDFC stock is good reversal break up running cmp 50.90
best price to buy 48.9
Target 1: 53.95
Target 2: 60.95
IDFC SORT CALLIDFC Looking Weaker in Daily Time Frame
Formed a Triple Top Pattern
Currently Closed Below 44.5 Levels
Sort Below 44
IDFC LongIDFC Long
Buy at CMP- 58.8
SL- 54.5
Target- 67, 71, 83
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
