IDFCFIRSTB trade ideas
IDFCFIRST BANK FOR DIWALI 2021 INVESTMENT MUHURAT STOCKIDFC FIRST BANK IS READY FOR INVESTMENT FOR TILL NEXT DIWALI 2021 AND CAN SEE LEVELS OF 50-60 IN NEXT 6-8 MONTHS LEVELS ARE MARKED ON THE CHART
IDFC First Bank very very interesting! Okay, this is for long term investors. If you are not a long term investor, the idea might not interest you but please continue to read and let me know what you think. :)
So, let's talk trend-lines first.
On Monthly charts, the stock is showing an up trend formed by higher highs and higher lows, well barring one red candle.
Also, there is another trend-line where the stock took support before. I have marked each of those attempts that acted like support.
If we were to go by the bookish definition of support and resistance, "a support line becomes a resistance".
Now, what is that actual idea?
Honestly, i feel fundamentally the bank has turned a corner. It has made an attempt to increase the retail customers over corps/institutions. While I would encourage you to read how that's good for a bank, I would just say in short - "lower the numbers to insti/corps, lower are chances of NPAs increasing". It is posting good results and has shown signs of being on the way up. I am going to mention a few levels below which are crucial. But if this crucial level is broken, this is a stock to GO LONG!
What levels are crucial?
I would say 35.75-36 are very crucial levels for the stock. If it gives a close on Monthly Charts above this level, then this could be a multi bagger at these levels.
NSE:IDFCFIRSTB
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Happy Diwali to you all.
IDFC FIRST BANK ANALYSISDescription is on chart
NOTE: I am not a SEBI registered advisory.
You should not engage in trading unless you fully understand the nature of the transactions you are entering into and the extent of your exposure to loss. If you do not fully understand these risks you must seek independent advice from your financial advisor. All trading strategies are used at your own risk.
IDFCFIRSTBIt is a triangle pattern and clearly there is a idea for long with 3.5 risk/reward ratio. which is pretty good.
IDFCFIRSTB - DESCENDING TRIANGLE BREAKOUTA descending triangle is a clear cut indication of consolidation followed by a breakout. A BIG BREAKOUT...........
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
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Happy Trading!!
IDFC First Bank IDFC FIRST Bank is trading in channel pattern good to accumulate in 28-31 levels for movement towards 35-40
IDFC First - Potential breakout and trend reversal candidateThe stock has crossed and is taking support at its 200EMA. (always a good sign) This is also its 50WEMA.
Long above 32.30 just to be on the safe side with this stock.
Would double down if it crosses 2nd marked price of 34.50 and ride it for a long time.
Fundamentally the manage is good and also the overhang of Vodafone Idea which they had already done a large provision for now seems to be gone.
#IDFCFIRSTB WEEKLY CHART VIEW!!#IDFCFIRSTB WEEKLY CHART VIEW!!
IDFC First Bank Ltd. Their is not huge changes in the technical overview, price maintaining closing below 5MA: 30.70.
Though the short term trend is weak but price produced a marginal positive close.
Technically 28.75 - 26.85 should consider as immediate support levels and on the opposite side 31.10 - 31.35 - 32.75 are as important short term crucial resistances.
IDFCFIRSTB Short I hope you can now see how IDFCFIRSTB represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
IDFC FIRST BANK BREAKDOWN (INVERTED CUP & HANDLE)IDFCFIRSTBANK broken its neckline in previous day session. However shorting below 28 is recommended with SL 29.6. There's increase in vol when started falling in handlle formation. It indicates the weakness
Target and trading plan is mentioned in the chart.
Also, it is forming H&S as well. If it closes below 28, H&S pattern will also gets completed.
Question on IDFCFIRSTBImportant and Critical level is 29
need to see how it reacts. Short Term trend is bullish
IDFC First Bank-Inverted Head & Shoulders PatternIDFC First Bank is forming an Inverted Head & Shoulders Pattern on 120 Mins Time Frame.
Initiate Long.
Target : 34
Stop Loss : 26
IDFC FIRST BANK LONGHere you can see a triangle has been formed, the rally after breakout has somewhat exhausted yet, the price is taking support from the 200MA which is a good sign for the stock to still go higher.
You can take a position if you want on Monday, @33.20, and Target for
1st Target: Between 36 to 37
2nd Target: Between 41 to 42
SL: Look for a right SL in a smaller time frame (Eg: 15 MIN) you can see a good SL @32.75
OVERALL Risk to REWARD Ratio: 1:5 for the first target,
1:8 for the second target.
Comment your VIEWS on THIS
Disclaimer: Just for Educational purposes. Not financial tips or advice.
