IDFC FIRST BANK | Double Bottom | 62% RetracementEntry@74, SL-70,TG-84/98
IDFC First Bank Stock has complete 4th Wave and is now moving into 5th wave.
IDFCFIRSTB trade ideas
IDFC FIRST BANK at SupportIt is taking support exactly previous resistance. Support is 69 and Resistance is 100. Fibonacci Retracement indicator is also giving support to 69
IDFC FIRST BANK IDFC FIRST BANK clearly broke the resistance last May which is now acting as a Good support. The price has retraced to the support level. Its a good chance to take a look at this level.
Turning Bullish: IDFC First bankThe stock has retraced from the strong support zone.
Volume build up and RSI also shows the strength in the price levels.
can enter for short to medium term target of 80+ levels
IDFC FIRST BANK LTD, 14th August /Trading plan Chances of selling in price bracket of (71.58 & 72.05) if banking sectors favours.
Selling can be done showing weakness in the price bracket
RSI for the day is poor.
Follow me @ BenSah /for more trading ideas and scripts
Disclaimer /trading involves risk, so trade at your own risk.
Happy trading.
IDFC FIRST BANKI am posting this idfc first bank chart third time, idfc bank in 4th elliot wave as per bigger time frame chart it will need to form 5th wave.
we can see a corrective wave of abc to form 5th wave so I am sharing two cases in this script:
- in 1st case if last low doesn't broken it will come around 71.35 then it will go around 95 target
- in second case it will go below last low around 69 levels then it will go around 88 levels, it will give breakout of 84 zone
Thanks
IDFC FIRST BANKIdfc first bank is consolidating from long time in a range or we can flag and pole in long term, currently idfc is making second wave or resistance becoming support for this share.
If this can happen we can see 88 in idfc first bank as breakout of this structure or abcd pattern
Thanks
IDFC FIRST BANK 100 ?After forming AMD, idfc first bank is in 3rd primary impulsive wave of elliot wave and 4th major impulsive wave of elliot wave. we can see targets of above 100 in this share soon.
Also forming a falling wedge
IDFCFIRSTBANK 11% upside in 2 Months Possible.IDFCFIRSTBANK 11% upside in 2 Months Possible.
Hourly Charts showing Bottom formation with High Volumes.
LTP - 79.75
Targets - 88
SL - 77
Time frame - 2 Months
Happy Investing.
Multipattern Analysis on IDFC First Bank!NSE:IDFCFIRSTB Analysis!
Multipattern Analysis on $NSE:IDFCFIRSTB!
Analysis on a Weekly Timeframe!
Analysis:
I have done the overfall analysis of IDFCFIRSTB since its inception. It looks very complicated but if you know all the patterns it is just like anything. I have combined all the patterns with the Support and Resistance Trendline. Don't get confused. Read the chart thoroughly and you'll get a better idea of where to enter and where to exit. As you can see in Chart 3 most important reversal patterns are there.
1) Triple Bottom Pattern 2) Double Bottom Pattern 3) Inverted Head and Shoulders Pattern
Now the price is moving in a parallel channel but we can see the Flag and Pole Pattern Formation is going on. Aggressive investors can enter at current price levels as the price is above 50EMA. But my suggestion would be to enter only after the upside channel breakout.
Trade Setup:
Entry= Current levels are good for aggressive investors. Conservative investors can enter after Flag/upper channel breakout
Target= Nearest Possible Target would be 100.70(New All-Time High Level)
Stop Loss= Below 75.66
Disclaimer = Consider my analysis for Educational Purposes only.
Before entering into any trade -
1) Educate Yourself
2) Do your research and analysis
3) Define your Risk to Reward ratio
4) Don't trade with full capital
IDFC FIRST BANK on wait and watch modeIDFC FIRST BANK CMP 74.21 - 25 % dip from top .As per fib retracement levels IDFC FIRST BANK Trading below 0.5 level ,75.5 is a support , and price is trading below 75.5
as per my analysis Uptrend will resume when price move above 77 or 80. could be safe entry.
Please Note its my personal view its not a Buy or Sell recommendation
IDFC First near to bottom out if gives monthly close above 82IDFC First Bank is making P&F pattern and as of now it is making falling wedge pattern within the flag.
It seems to be very near to finish the bottom if it protect this area of 70-74 properly.
A monthly close above 82 can be a positive sign for P&F pattern breakout.
Actual breakout starts above LTH(100).
So with a stop loss below 70 it might be a good investment idea but if it follows the theory it can might take some time.
A safer entry (breakout) could be above 82 with a monthly closing.
A top above 100 with a weekly/monthly closing above 100 (LTH)
Final target can be up to 130 as per P&F pattern.
IDFC first bank move will startIDFC first bank is now ready for the move. It has good breakout in D W M timeframes. in 15mnt it was also retested too. According to my thinking this stock can double very quickly. Please also see previous breakouts which i mentioned for demo (grey area). The longer the consolidation the higher it can go so this time is has nearly 1yr consolidation breakout. So it will go long way. First immidiate target is 100 then further move according to fibo extensions. Move is till 230 but i cant show in one screen. Please follow my given targets & i will keep updating this post.
Keep this in mind. Options is a dangerous instrument to play. Please do not go wild on anything unless you know exactly what you doing. Even though your direction is right still you tend to loose in option buying. And market can always prove me wrong and i take that rights too. Experience traders also fail in this market. Only risk management will give you an edge. Don’t take any trades without SL. Respect the market, Ungli nahi katoge to pura hath katna padega. Beware.
DISCLAIMER: I AM NOT SEBI REGISTERED ANALYST. ALL POSTS ARE EDUCATIONAL PURPOSES.NON ADVISORY, DISCRETIONAL NO CLAIMS, RIGHTS RESERVED. I AM NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS.
IDFC FIRST BANKTrading near support zone 71-72
This is just an idea
Trade or Invest at your own risk
Consult your financial advisor before trading or investing
IDFC FIRST BANK 74 Good Opportunity 10 to 20% returnThe stock Showing strong support level at 70 and target of RS 84. i would wait for stock to down to 70.
would buy and hold the stock till it reach 84 and above.
Keep your eye on IDBI first bank 5th wave projection based on monthly chart. Keep accumulating this is going to blast soon.
Idfc First Bank Date 21.07.2024
Idfc First Bank
Time frame : Day chart
Key notes & points mentioned in the chart
IDFCFIRSTB 17-06-2024Happy learning with trading. I just shared my view. If correct give me one like. If not correct me.
Points to Note:
1) parallel channel breakout
2) Enter at CMP for short term target of 1 and 2.
3) Good to hold for long term too.
4) Safe traders can add 70-73 range if comes for long term hold.
Disclaimer:
I am not a Registered Analyst with SEBI and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses.
IDFC Bank long term target is 145, see the analysis It is superb time to accumulate the stock, soon there will be flag breakout and it will be reach to 145 within weeks. See the chart for probable reason.
IDFCFIRSTB (Portfolio Pick)TF-1M
We consider this stock in every dip till 62
Idea got invalid below 51
Targets are 100, 120, 138
(Mid to Long term view)
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Only my view.
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I am not a SEBI Registered. This analysis is purely for educational purposes only.
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If you gain some learning from this chart, then please like this post for more reach & also do comment if you have any questions regarding this.
IDFC First bank Re-RallyBanking stocks have largely underperformed benchmark nifty, however it seems that banks are having a rally(expectedly before budget) and IDFC First bank is poised to reap good rewards. Currently trading at LTP: 83.0 and breaking a major resistance. It is very likely that IDFC bank may give another 8-10 % in the coming 15-20 days. One might carefully strategize a bull spread to maximize profits.
