IDFC bank in monthly time frameIDFC bank in monthly time frame.
Need to wait and watch how it behaves..currently it is forming a triangle pattern
IDFCFIRSTB trade ideas
IDFCFIRST BANK - Completed retracement and waiting for GunfireIDFC First Bank after the head and shoulder pattern has retraced to price levels of @ 40 INR. I has resumed its upward journey is nearing long term resistance. In last rally it has tested this resistance of @ 51.5 and tested it and had moved further. In this rally if it breaks price of INR 52 on closing basis it will be headed for next resistances as marked on the charts.
Only for academic purpose.
IDFC First Bank Channel/Rectangle/HnS BreakoutMoving out of a range with volumes
Buy 58-58.50
SL 55.30
TGT 62-63
IDFC First Bank notching up slowly to take the first place IDFC First bank has completed a Bullish Gartley Pattern on Daily Timeframe...The trendline breakout on RSI and MFI are confirming its UP move..Lets ride it
Swing Trade in IDFCBANK ( 5 days)IDFCBANK is near crucial resistance 48.
Buy above 48
Target 52 / 56
Stoploss 44
IDFC BANK Triangle Chart Pattern AnalysisIDFC BANK is currently in a downward channel and part of the triangle pattern. The triangle pattern breakout confirmation will be at 55 with a big green candle.
Target 1: 55 (within 10 days)
Target 2: 62 (within 20 days)
Target 3: 68 (within 40 days)
stop loss 40
Happy Trading!
IDBCFIRSTBANK BOUNCE Back. Its Bullish !!The stock was in down trend for past 1 month. The price correction is over and the stock has formed MORNING STAR pattern in weekly time frame, which is an indication of TREND REVERSAL and will be Bullish in coming days.
Enter : Wait and Add on dips.(42-44)
STOP Loss: 39
Target 1: 52
Target 2: 63
Target 3: 70
Time frame: 1months/2 months/4months
Trade @ your own risk. Its is my own analysis. Input are welcome!!
Looking good for 50+Looking good for 50+. Gave upward channel BO and may hit 50 very soon. Above 51, 60/65/70 are next targets.
IDFCFIRST Our Favorite is now back on track..
49 is main resistance...close above 49..we se a target of 55 to 62
IDFCFIRST is a screaming BUY!Stock completed the 2nd elliot wave of correction and started the 3rd impulse....which is called the money wave.....buy quickly and make money..
Upturn in IDFCFIRST BANK!!!IDFC FIRST Bank has formed a perfect channel pattern on a daily chart on a downtrend and now it has started its upturn from the very bottom. If this continues breaking the (blue)trend line, we can expect it to reach till 50 before its next event date.
Disclaimer: Kindly consult with your financial advisor before taking any trade.!!
IDFC First BankIDFC First Bank taking reverse. One can enter now for target of 53+ and stoploss of 41.
IDFCIDFC showing downtrend. Expected to reverse from support. Harmonic pattern shows 42 reversal, but should wait until 38 as support level.
#IDFCFIRSTBANK next bullish harmonicBullish Harmonic Pattern AB = CD pattern
Target -47
Stop Loss -32
CMP-42.90@7 August 2021
IDFC first bank is looking good for buy side...CMP @ 44.70IDFC first bank is looking good for buy side...CMP @ 44.70 Good stock for bottom fishing with SL 43.50
IDFCFIRSTB close to weekly supportOne can accumulate IDFCFIRSTB at this price and hold with a strict stop loss of 40 - 42. Stock might show reversal from here.
At Major Levels (For Educational Purpose)Good Risk Reward Ration And High Probability of Bounce back (For Educational Purpose Only)
IDFC First at crucial S/R levelBUY GUIDANCE:
Never ever buy before 3PM . I have been burnt many many times. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
IDFCFIRSTB Looking BearishANALYSIS : Head and Shoulder Pattern + RSI Resistance at levels near 40
ENTRY : Below 53.75
EXIT : 1D candle closing above SL
TARGET : 45.1
STOP LOSS : 55.05
TIMEFRAME: 1-3 months
R2R RATIO : 5.63
Trade Execution :
Sell NSE:IDFCFIRSTB1! ~ 2.4 Lakhs
Buy Options - July 45 PE ~ 2K, Aug 45 PE ~ 5K
IDFC First - expecting a bounceNSE:IDFCFIRSTB
Buy near 49.5-50.5
SL closing below 47
T 52.5 54
above 55 can go up to 60++
IDFC FIRST BANK--> Good investment opportunity?Anyone waiting for making an investment can invest only if it touches 52.5 strictly and keep a strict emergency stoploss in case of surge of covid cases again
