#IDFCFIRSTBANK next bullish harmonicBullish Harmonic Pattern AB = CD pattern
Target -47
Stop Loss -32
CMP-42.90@7 August 2021
IDFCFIRSTB trade ideas
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
IDFC FIRST BANK DAILY TRENDLINE GOOD PLACE TO GO LONG buyREASONS TO GO LONG:
> PINK ZONE 46 previous resistance can act as a very good support.
>@ DAILY trendline so upwardtrend is still intact unless it breaks it.
We can enter @cmp with SL: 44 IF it breaks that level then we might see 36 33 levels.
:
IDFCFIRSTBANK Breakout Soon ! Keep an EyeIDFCFIRST BANK has been consolidating after a rally and has formed a triangle pattern.
Started from 48 --> Rallied to 67 --> Retraced back to 50 --> Rallied to 61.7 --> Retraced back to 50.6 --> Now at 52
IT is constantly taking support at the support line of 50 and holding up.
I am expecting IDFCFIRST to trade in triangle for some time and then breakout of triangle at around price 55-56. Aggressive traders can enter at this price also and not wait for breakout.
Entry - 54-55
SL- 48
Target T1:- 61
Target T2 :- 68
Please note - This is fundamentally a good stock and can be hold even if target of 68 is reached.
Can go LongIdfc bank looking good on technical charts, Can go long above 52 for a target of 60. SL 48.5.
BUY IDFC BANKIDFC BANK BUY 50-52 SL 45 TARGET 80 UP TO NOV 21
IDFCFIRSTBANK show strong support on price 50 . If Stock bounce back then target of 80 Rs should be achieved up to Nov 21
IDFC ready for swing trade. Only after entry gets activatedIDFC is at their AOI. having multiple reasons for taking position price action + indicator.
reasons:
1. at trendline support
2. at 200ema support
3.bullish candle at AOI
4.RSI divergence
5. MACD bullish crossover.
I think this much of the reasons are enough to take trade hahah. Usually more conformation leads to confusion about trade but very rarely it is seen that all the signals are positive. Still no one can be sure about the market move, because market is superior. Take position after doing your own analysis.
IDFCFIRSTB LongIDFCFIRSTB is ready to move....Targets T1-54, T2-57,T3- 60
This for learning purpose, please consult your financial advisor before taking any trade
IDFC and IDFC First Bank - reverse mergerIDFC holds a significant portion of IDFC First Bank as a bank HoldCo. IDFC has no other purpose of existing and hence we might see a reverse merger where shareholders of IDFC receive shares of IDFC First Bank or the shares are sold and the proceeds are returned to the shareholders of IDFC.
IDFC First BANK Long SetupBuy IDFC FIRST BANK at 52.50 with Stop loss of 48 for the target of 58 and 61 and 68
IDFCFIRSTB | Strong support zone + W Pattern | Potentially 40%IDFCFIRSTB | Strong support zone + W Pattern | Potentially 40%
CMP : 51 (Dip : 48)
SL : 40
Target : 67, 81
Good for long time also, can hold with conviction.
IDFCfirstB Looks Weak !IDFCFIRSTB : cmp : 54.2
A h & S kind of pattern has been formed in D chart.
Making lower lows for 3 days.
Sell on rise.
TGT 52.9/51.95
Sl 55.6
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
