IDFC First Bank retracing to previous support after breakoutIDFC first bank broke out from the trend line and is now ready to retrace to those levels.
Keep this on radar.
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NSE:IDFCFIRSTB
IDFCFIRSTB trade ideas
IDFCFIRSTBIt is consolidating near 20DMA and upward trendline. Further there is contraction in volatility and volume as well. It can be bought at 39 with SL of 36.45
#IDFCFIRST Entered this gem at Rs 52 couple of years back, when I was a new entrant in stock markets. But having met and read about Mr Vaidyanathan, I had strong conviction about this bank and it has not dwindled even 1 bit. I averaged it heavily to bring my cost price to under 30. Now this is at a very crucial level from the technical standpoint and a long term entry can be taken now and when it breaches the above downward sloping trendline. I have strong conviction of this becoming a multibagger in next 10 years.
IDFC FIRSTBANK 1HRTHE STOCK HAS GIVEN A BULLISH BREAKOUT TODAYOF THE FLAG PATTERN
BEST BUY WILL BE IF ANY DIP NEAR 38 LVL COMES
TARGETS:- 43.20, 45.50, 47 AND 50 PLUS
STOP LOSS:- 34.20 ON CLOSING BASIS
4th attempt by IDFC FIRST to crossIdfc first bank attempting for another time to cross the long run weekly TL since 3 years. If it crosses and sustains beyond, can give good returns on long term. For educational purpose.
#IDFCFIRSTB WEEKLY CHART VIEW!!#IDFCFIRSTB WEEKLY CHART VIEW!!
It's the first time in the last twelve weeks that the price is able to breach 34.75 resistance with success & positive conviction.
More upside above 38; can try to achieve 40 and above. However, the stock is Weak below 34.50.
IDFC FIRST | WHAT'S NEXT? I am expecting correction before big move because Technically stock is in overbought range
Best buying when RSI in 25 to 30 range ( hourly chart). MACD is in overbought range... possibly correction expected.
if you long term investor you can consider buying stock and do your own study too.
TGT 35 / 40
I am a Finance student. Doing CFA study.
All my work is study purpose and not Reg. with SEBI.
Thanks,
Sameer Omle
Do suggest me more learning stuff... because proper guidance needed...
Proud Farmer Son
IDFC First BankVery positive movement going on in IDFC First Bank shares. Stock is uptrend and trading near it's resistance.
Wait for breakout !!!
Buy IDFC First Bank above Rs. 32.75 for the Targets of Rs. 35.90 and 42.75..
Comment your views...
Thank you,
Vishwajeet Sharma
IDFC First Bank - Cup & Handle Breakout1. Breakout on trendline + good volume
2. Cup and Handle Pattern
IDFC First Bank (Potential Long term trendline Breakout Soon)Technicals : Weekly timeframe is suggesting to Go Long, Also support from EMA's ,ADX, MACD & last but not the least RSI above 60
My View : Go Long at current levels & keep adding on dips
Trgt is near 82
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.
