IDFCFIRSTB trade ideas
Idfc first bank at very important level nowIt took some time but once it broke the long run TL , it moved almost 28% up in last 2 weeks to close this week at another important resistance level (Blue flag). It has further potential to move further above this resistance. Keep this on radar. Visit previous chart in the link below.
IDFCFIRSTB - KEY BREAKOUT LEVELS FOR 14 JAN 2021Since I have received many queries, traders interested in Intraday Equity Cash & Futures calls/strategies, you can direct message me for further details. Minimum 1:2 risk/reward ratio.
IDFC First Bank - Multi-year Trendline BreakoutAfter a 4 year down trend , the price has managed to terminate that trend. Facing a resistance at 48, if it manages to cross it can quickly race to the target.
However, if not, it could most probably gather itself at 42-45 for its fresh upmove.
IDFCFIRSTBOne more breakout in the stock in weekly timeframe.
Holding from lower level.
CMP: 47
Target: 57, 68 in short term
Very Near to Resistanceit coming on track with volume strength but wait to watch at immediate resistance. If it crossed then will try to touch 57 level
Immediate/Major Resistance – 47
Short Term Support – 37
Chart Trend - Positive
Recommendation - Hold
Note: Overall Analysis prepared for learning purpose only.
Idfc first bankResistance there its not that easy to brk this it will take time ones broken can touch 55 n 57
IDFC FIRST Bank Weekly Analysis - Trend line BO - Swing to long NSE:IDFCFIRSTB Levels already mentioned.. Good candidate for Swing to long term investment..
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
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3. Views given here is not a tip rather it is for educational purpose... After market opens, the condition might change so learn to handle for different conditions..
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Long time Breakout happened in IDFC First Bank#IDFCFIRSTBANK #SWING Long year trendline broked with good volume, good for short time.
IDFC trendline breakout and channel breakout in daily timeframeIDFC trend line breakout on weekly time frame and channel breakout in daily time frame
Go long First target of 45 and 50
IDFCFIRST BANK channel break out.inside channel breakout as shown in the chart
1 st target achieved today.
stochiastic is in over bought condition
hence 2 nd target may not be achieved immediately
after some cooling off target 2 may be achieved.
IDFC BANK UPTREND ON MONTHLY BASIS CHARTGOOD AND STRONG SUPPORT ON MONTHLY CHART AND WEEKLY GOOD BUY THIS LEVEL FOR GOOD RETURN
IDFCFIRSTBANK#TimetoBUYfirst#LONG(M)BUY @ CMP 39
STOLOSS @34
TARGET1- 45 R:R=1:1
TARGET2- 55 R:R=1:3
Recent volumes are indicating stock future.
**Note: Trade on your own risk. Only for Study purpose.
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watch out this stockidbi first bank in day high and trying to breakout 46 price level..better opportunities and market scenario is in perfect condition..
bank also improved their performance QoQ..and good pick for long term as well
IDFC Bank: Coming Out of a Long Down TrendStock is breaking out of a 3 year down trend...If it sustains above 37-38...we can see a move towards 60-70-60
IDFC First Bank - Running towards 42IDFC First Bank has seen more than a 50 % fall in March. Even though the bank is reporting losses/minute profits, the bank looks fundamentally strong since it is in process of increasing its loan value and other related measures as mentioned in its previous year's annual report. Keeping fundamentals apart, Bank has seen a rally along with the stock market even though not at par, was bullish till Sept and was seen consolidation till Nov and then again saw a price increase. Bank has seen reverse hammer stopping bearisg pattern every time as highlighted above. Recently the bank has crossed a multi-period trend breakout and closed today at 38.60. It looks bullish on the chart with the next resistance at around 42 levels.
This should be construed only for educational purposes alone and should not be taken as a suggestion for buy/sell.
