Idfc First Bank Date 21.07.2024
Idfc First Bank
Time frame : Day chart
Key notes & points mentioned in the chart
IDFCFIRSTB trade ideas
IDFCFIRSTB 17-06-2024Happy learning with trading. I just shared my view. If correct give me one like. If not correct me.
Points to Note:
1) parallel channel breakout
2) Enter at CMP for short term target of 1 and 2.
3) Good to hold for long term too.
4) Safe traders can add 70-73 range if comes for long term hold.
Disclaimer:
I am not a Registered Analyst with SEBI and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses.
IDFC Bank long term target is 145, see the analysis It is superb time to accumulate the stock, soon there will be flag breakout and it will be reach to 145 within weeks. See the chart for probable reason.
IDFCFIRSTB (Portfolio Pick)TF-1M
We consider this stock in every dip till 62
Idea got invalid below 51
Targets are 100, 120, 138
(Mid to Long term view)
.
Only my view.
.
I am not a SEBI Registered. This analysis is purely for educational purposes only.
.
If you gain some learning from this chart, then please like this post for more reach & also do comment if you have any questions regarding this.
IDFC First bank Re-RallyBanking stocks have largely underperformed benchmark nifty, however it seems that banks are having a rally(expectedly before budget) and IDFC First bank is poised to reap good rewards. Currently trading at LTP: 83.0 and breaking a major resistance. It is very likely that IDFC bank may give another 8-10 % in the coming 15-20 days. One might carefully strategize a bull spread to maximize profits.
IDFC FIRST BANK 1HRSWING TRADE
- EARN WITH ME DAILY 10K-20K –
IDFC FIRST BANK Looking good for Downside..
When it break level 82.16 and sustain.. it will go Downside...
SELL @ 82.16
Target
1st 80.93
2ND 80.12
IDFCFIRSTB JUN FUT – LOT 8 (Qty-60000)
MINIMUM 10L CAPITAL
Enjoy trading traders.. Keep add this STOCK in your watch list..
Big Investor are welcome..
IDFC First Bank : 34% to 218% Upside Potential#IDFC First Bank : 01 Jul 2024
"Life is Simple, we make it complicated, So is Trading.
Discover Simple, Yet POWERFUL IDEAS."
In Play : HH : HL
Summary
• CMP : 82
• Clean Price Action with Vol favor's BULLS FOOT PRINT
• Nice CONSOLIDATION of around 8-10 months
• Trading right AROUNG VP mountains
- ATH : 100.70
Conclusion
• CMP 82
• Looks good for going NORTH
• Higher Levels could be around
o Imm Higher Levels : 110/124
o Potential Levels : 168/262
Wish You Happy & safe trading
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
SOMETHING IS SURELY COOKING IN SMALL PVT BANKSNSE:IDFCFIRSTB is preparing itself for a double bottom breakout on daily charts. Not just IDFC FB but CUB and other small private banks are nearing breakout.
IDFC FIRST BANK As in weekly candle it didn't closed above that green trend line , so it could test below red line or (78 -- 79) level within this week, if sustains above these in weekly then it could move upwards to 96 ( 9th Sep 2024 ) and 120 within or on Nov 2024 or could hit above within K / P Arc
Disclaimer:
It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises.
IDFC First bank Ready for Entry IDFC first bank 🏦 is ready for an entry for long term investment 🤑💰, Expecting 100 % returns in upcoming months and years🎯💯✅📉📈,
Just historical data analysis, as per my view, whenever IDFC breakouts the trend line it's always gives near 90% to 100% returns. Expecting this time also 100% returns, the stable government is bulide in India for an upcoming 5 years it may give more than 100 % returns for long term
Weekly view - IDFCFIRSTB - Jun 24, 2024The chart of IDFCFIRSTB has consistently found strong support at lower levels for weeks. It has also broken above its downward trendline twice, closing above it with significant trading volumes. There appears to be ample upside potential for this stock.
IDFCFIRSTB - Weekly AnalysisIn the Weekly Chart of IDFCFIRSTB ,
we can see that, it has given Flag breakout.
Let it retest and then Enter with SL and Target.
Expected move is shown in chart.
IDFC FIRST BANK Long PositionalDate : 22-06-2024
-------------------------------------
SWING RESEARCH TO OBSERVE
Structure Breakout
IDFC FIRST BANK Looks Good @ CMP
SL 72
Target 89, 95, 100, 106, 118
Hold few weeks
Please consult your financial advisor before investing
All research for educational purposes only.
Multiyear Breakout MULTIYEAR BREAKOUT ALERT
IDFC FIRST BANK🚀🚀🚀 #idfcfirstb
TARGETS - 100 , 130
- breakout of huge rounding bottom
- currently in retesting almost done
- breakout of descending channel on daily tf
8 year old breakout
Note-
Please consult your financial advisor before investing
we are not SEBI REGISTERD
All research for educational purpose only.
Weekly Breakout Soon in IDFCFIRSTB ? In weekly Time Frame RSI broken out In IDFCFIRSTB , Price taking support at fib 0.5 Level and we can see breakout of trendline Soon. Can go till 100,110 in coming weeks.
IDFC FIRST BANK - LOW RISK HIGH REWARD ENTRY !!IDFC first Bank seems to be in its significant third wave, and it appears that it has finished its fourth minor wave of wave three. Additionally, it has formed a recognizable ABC decline, which concluded with a classic panic selling and an equally dramatic upside pullback, typically occurring at the end of wave C. How can we approach trading this situation?
Considering the current levels, it seems to be a favorable purchase with a stop loss below 70. We can anticipate a minimum target of 113, providing us with a highly favorable risk to reward ratio of 1:4.5.
Note: I refrain from conducting intricate wave counts as it can be overwhelming for numerous readers and to ensure simplicity.
Disclaimer: Please note that the information presented in this analysis is intended for educational purposes only. It is highly recommended to seek advice from a financial advisor before making any investment decisions. I cannot be held accountable for any financial losses that may arise
A strong rally on the waythe correction is done in the counter. It closed 4% up today. It is still a good buy as a strong rally is on the cards.
IDFCFIRSTB LONGThe Elliott Wave Structure is the Elliott Wave Theory's description of the structure and pattern of price movements in financial markets.
The Elliott Wave analysis shows that the stock has completed waves (i) and (ii), which appear as blue numbers on the daily chart. Wave (iii) appears to have five sub-waves.
The red color of wave (iii) indicates the completion of waves i, ii, iii, and iv, while wave v is still ongoing.
The black circle illustrates the estimated number of subdivisions in Wave v.
Wave 1 of wave v in the black circle is finished, and wave 2 is nearing completion.
It's a buying opportunity during a downturn (dip).
Following the completion of wave 2, wave 3 will be divided into five sub-waves.
The blue brackets indicate the sub-waves of Wave 3.
Wave levels are depicted on the chart.
Level of Invalidation
The invalidation level for Wave 1 is 75.05. Because According to wave rules, Wave 2 cannot retrace more than 100% of Wave 1. If the price falls below this level, it may signal that the projected Elliott Wave pattern is not what it appears.
I'm not a registered Sebi analyst. I conduct my research exclusively for academic purposes.
Please consult your financial advisor before trading or investing. I accept no responsibility for any profits or losses.
Regards, VJ.
idfc first bank inverted head and shoulder viewforming inverted head and shoulder formation following 8 years of consolidation
trading at bottom level of the shoulder
This analysis is my own idea.
I don't recommend taking trade based on this idea.
Know the market risk before trade.
AMAZING opportunity at IDFC First Bank Idfc first bank currently trading at 77.80 is attractively placed for anyone looking to invest in banking stocks. With economic cycle turning around and interest rate cut right around the corner, one might also look at this as a swing trading opportunity. However there are some downside risks namely 1.Delay in rate cut due to any no. of reasons 2. Unfavourable monsoon 3. Global geopolitical scenario 4. Underperformance of current coalition government
