IDFCFIRSTB trade ideas
FY21-22 Swing Trade Idea #66: Long on IDFCFIRSTBThis is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
Buy Opportunity - IDBC FIRST BANKMy Analysis:
Stock had initially formed Cup and Handle kind of a chart patter on Daily Time frame and it gave a breakout.
Stock is now retracing after giving a breakout. and bouncing from the support zone of 57.25 - 57.55 which was initially acting as resistance.
All the moving averages are giving Bullish signals.
Hence it's a good buy at the CMP that is between 58-59.
Possible Targets :
T1 - 61.7
T2 - 63.5
T3 - 65.85
T4 - 69.25
I am currently learning swing tradingI am completely a beginner and want to learn more, so I want your views please help and tell me I am correct here?
IDFC bank triple digit before Diwali
strong up-move
Multi-year trend-line break
strong support over 48
50 EMA above 200 EMA
good buying volume
Can show levels near 100 before Diwali
IDFCFIRST BANK - LONG SETUPCAN GO LONG IN THIS STOCK WITH A STRICT STOP LOSS BELOW THE SUPPORT - DENOTED BY RED LINE.
TRAIL STOP LOSS AS THE STOCK MOVES UP ABOVE RESISTANCE (RED ZONE).
IDFC First Bank For Swing TradingIDFC First Bank is in a bullish momentum.
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If its Break 60.15 resistance, it can easily reach 68-70 .
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You can buy this for swing trade purpose after the Breakout.
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Keep learning keep earning.✌️
Trade setup with fibonacci This setup is on daily timeframe.
Stoploss at 0.38 level i.e. below the resistance line of pattern which should act as support now.
If the 0.61 level is break the we will get the confirmation that the trend is changed.
The uptrend will begin and 52 week high will be our major resistance and the target too.
Because it's 52 week high it's strong resistance,
so to go a little safe I will plan the target little below it.
The RR ratio is not that pretty. It's 1.27.
An example of price action analysis with fibonacci.
This post for educational purpose only.
IDFCFIRSTB Looking for Good From this Level ( Tight Stoploss )Stock is Overall in Uptrend.
Yesterday price breakout from 58 region now took support from the Same Level .
This is the best place to buy with Tight Stoploss and this can give you Good R:R from this level .
In 15 Minutes TF price also Respecting that Level .
Target will be around 63 in coming days.
Let see where it goes
Entry - 58.8
Stoploss - 55.4
Target - 63
Target 2 - 66.65
IFDC FIRST BANK | 35% potential | 100EMA supportCMP- 59.25
SL- 54 (more conservative - 53)
Target- 69, 80
25/5/21
- Moving above Daily EMA, Weekly EMA crossover seen
- 100 EMA support (confluence)
- VOL is increasing on the up moves
- Price went from 50 to 57 then took a halt and broke 57 with good volume (shows structure change)
INVERTED HEAD & SHOULDER IN IDFC FIRST BANKIDFC FIRST BANK was consolidating for a while at this price range.
IDFC FIRST BANK has formed inverted head and shoulder in hourly time frame.
IDFC FIRST BANK was at strong resistance at 57.10 which has been broken with a positive bullish candle.
IDFC FIRST BANK is fundamentally strong and promising future.
Let me know if you have any suggestions or recommendations.
Thank you.
Disclaimer :- Just an idea not any recommendation.
IDFCFIRST #StockMarket #StocksToBuy #StocksToWatch #stockmarketsFinally IDFC First Bank at BO.
Proper entry will be above 60 levels.
Keep positionally view.
IDFCFIRSTB Positional Trade Opportunity above 58 for TGT - 70/80IDFC FIRST BANK moving continuous in uptrend channel with very heavy volume build-up since last 1yr
Breaking Horizontal S&R too.
Buy above 58 SL 48 TGT - 70/80 (positional trade - 2/3month duration)
IDFCFIRSTBANK_BULLISH MOMENTUMWe can expect bullishness in IDFC FIRST BANK in near future.
(for educational purpose only)
