IDFCFIRSTB trade ideas
CAN YOU SEE THE FALL COMINGDo not take weekly or monthly position in idfc first bank. The decreasing volume with increasing price shows an indication of bearish fall coming. RSI also shows a small divergence from price. Trade cautiously. Trade the breakout if it falls.
IDFC First Bank ( Most awaited move to comeCreated double bottom at 17 - 18.50 has strong support. reached 25 level in 1st week June, then after was in consolidation phase for on month been in range 25- 29 range. if sustain in 29 level than we can see break out to 32.80. ( most awaiting price action from this counter).
There are possibilities can reach till 40 levels.
INTRADAY IDFC FIRST BANK !Idfc First Bank is about to creat a double top pattern after a uptrend this could be a minor or major price reversal you can trade it for intraday.
Take a short call on today's low broken set a Sl up somewhere there and have a preplanned target..
:)
IDFC BANK Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
LONG TERM BUY - IDFC FIRST BANKBUY NSE:IDFCFIRSTB FOR LONG TERM INVESTMENT.
Given a good breakout with volume. Looking good to me .
Long near 27 level, SL 24 Target OPEN
Good breakout With VolumeBreakout after being in range for few days with good volume. Could see 32 +
SL 24
IDFC FIRST BAANKIDFC FIRST BANK Break Multiple Swing high.
Entery Price: 28.80
Stop loss 26
Target: 32.30
IDFC First Bank Ltd. - WEEKLYIDFC First Bank Ltd.
IDFC First Bank Ltd.'s price is consolidating within a triangle formation on the lower side of the downtrend.
Technically 27.20 - 27.80(100EMA) are the resistances for the price. Whereas 23.50 - 22.10(50MA) are may act as support in the short time frame.
Price needs to produce a breakout from the mentioned support and resistance zone for a clear directive future movement.
KEEP AN EYE!!
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IDFC First - Short term breakoutAbove 26.90 the stock could do 30.
SL 3% below buy price.
Over the weekend vodafone paid interest to its bond holders. IDFC First has provisioned approx 1700 cr of Vodafone-Idea in its books. They can either show that as profit now that it must have become a regular account or use that provision for Covid based defaults while not affecting its profitability next quarter.
IDFC First Bank Ltd. - WEEKLYIDFC First Bank Ltd.
Keeping short term positive move intact, the price faced resistance from 28 price.
Price presently consolidating within 28 as a resistance and a 17.65 as support.
A breakout above 28 level might extend this short term bullish move. 22.20 can consider as immediate support.
KEEP AN EYE!!
#tradingedge_academy #SMTA_institute
