[Vega] IDFC First Bank 52 StraddleSell IDFC First Bank 52 PE at .65
Sell IDFC First Bank 52 CE at 1.1
Rationale - unofficedforum.s3.dualstack.us-east-1.amazonaws.com
IDFCFIRSTB trade ideas
IDFCFIRST BANK Cup and Handle BreakoutNSE:IDFCFIRSTB
Cup and Handle Breakout Done. Since this stock is following Nifty, the move will continue till Nifty is above 11000.
Targets: 54,59,64
SL: 50
IDFC First A clear Buy for target of 60, Hold 6-10 weeksIDFC First gave clear Buy in range of 50-52, With stop loss of 40 on 1 day closing Basis, with target of 60. It will take 6-10 weeks for completion of Target.
IDFC Bank going to Rocket ?IDFC Bank has given Breakout. Right now at key Level. Monthly Close above 51.75 would mean Stock will start its Bull run.
Position Trade Buy above 52.6 for Immediate Target 56
56 Important fib level. However if stock gives monthly Breakout then 56 will also break with ease.
Book 50% Position at Target and Hold rest till month end to see if we get Breakout. If breakout happens then Hold and Accumulate in Panic, stock will start it Bull Run. Cheers!!!
going short hereI went short at 50.5 with a target of 45-46. Looks like the A correction wave in play. The market seems to have formed a top with triple top. Institutions dont buy at peaks, they have been distributing for a few days now and we shall witness a dump soon
IDFC first IDFC first gives a buying opportunity around 48 with a short term target of 54-56. Stop loss hould be 44
looking good for 50 first then looking good for 50 first, crossing that on closing basis might open the door for 60.
