IDFCFIRSTB trade ideas
IDFC F BANKBuy-53-52
SL-48 Below Daily Closing Basis
Target-62-69-76
Tiime Frame-2 Months
Bank Nifty Under performance is About to end After 200-300 Points Fall..
Time To Enter Some Mid-Cap Banks..
Favorable Pick.
Selling Might Be Over In 2-3 Days..
IDFCFIRSTBPositional Pick : Symmetrical Triangle Pattern
Safe traders can take entry when on daily TF gives good bullish candle close above orange trendline.
Orange trendline = closing basis; White trendline = highs & lows basis
IDFCFirst Bank @ 57.50 target 60+There is a pin bar at support line as such it may again target 60 + levels soon.
Buy and Hold IDFC FIRST Bank According to chart scrip is facing major resistence at 63-64, which will broken in coming days .
IDFCFIRSTBANK BULLISH BREAKOUT1.STRONG BULLISH VOLUME BREAKOUT.
2.RISK: REWARD 1:3
3.LONG POSITION BUILDUP IN STKFUT.
4.NIFTY PVTBANK BULLISH BREAKOUT.
IDFCFIRSTBIDFCFIRSTB
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1. BREAK ABOVE THE MONTHLY RESISTANCE 55.20 AND RETESTED THE SUPPORT AT 47.
ANALYSIS
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WE CAN BUY AT CMP. ALREADY THERE WAS SOME CORRECTION IN THE DAILY CHART
TARGET: 67 AND 79
STOP LOSS: 46 (CLEAR STOP LOSS) OR 53 (WITH LESS RISK)
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Everyday morning before market opening, I will post nifty levels for the day. Kindly check it out.
idfc first bankabove 70 first time it will give a long term breakout. targets will open up for 120/150
idfc first bank bullish shark long termBank is following the shark harmonic pattern in monthly time frame. Trend line breakout was seen at 35 rupees which was best to enter the stock . Now the target point according to shark can be either .886 to 1.13 range which completes at point D as we see in all other harmonic patterns . Now, B to D(1.618) must be near to point D as much as possible. So, we used point D at 1.13 not .886 . According to this pattern our potential reversal zone range is 83.35-89.90. Maintain stop loss of 55.60 on candle close basis, use one day candle for this.
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good luck
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
