IDFCFIRSTB trade ideas
IDFC First Bank Shines with Excellent Q1 Performance.IDFC First Q1 Result.
Impressive performance across the board! Deposits up 44% YoY, Advances up 25% YoY, Profits up 61% YoY. Net NPA down to 0.7% (Which is very good indication). ROA at 1.24% vs 0.97% YoY. QoQ net income down -731 Cr. vs 816 Cr. in Q4FY23, but excluding a one-off income of 180-200 cr. from the last quarter, results are still better on a QoQ basis.
Why to Invest in IDFC first ?
They are many reasons to invest in IDFC Bank, but trading in this company seems risky and tricky right now. However, if you are someone who believes in the narrative that for India to grow, the banking sector would have to follow the same path, then undervalued and growing banks will benefit the most. Stocks like IDFC First Bank are more likely to double their Market Cap. So, if you are a long-term and serious investor like me, this analysis will help you.
Why to Avoid Trading ?
Now, let's discuss why trading this stock is currently considerably risky. The stock is trading near 200% of its support level, following a special channel pattern known as a big-length rectangle pattern, which makes it riskier from a trading perspective.
How to Invest ?
We plan to take a longer position in this stock. As visible from the chart, the stock has tested its resistance on a weekly timeframe. As, we all know Q1 results are out, Earnings have been impressive, indicating a potential strong breakout with good volume. If that happens, we'll invest half of our money and wait for a retracement before putting in the rest. But, if the stock falls instead of breaking out, it'll be a great opportunity to invest, and in that case, we'll wait for a consolidation.
Note- I am not a SEBI registered, Please consult to your Advisor before investing.
IDFC First Bank - Long Setup, Move is ON...#IDFCFIRSTB trading above Resistance of 83
Next Resistance is at 103
Support is at 61
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
IDFC FIRST Bank ascending channel range breakoutIDFC FIRST Bank daily chart ascending channel range breakout attempt, once the channel is broken out trade should be initiated in this scrip, buy recommendations is only given at 85 for the target of 90-92 place strict SL at 80.
IDFCFIRSTB Long. 75 Min Time Frame. Cup & Handle PatternIDFC First Bank gave cup and handle breakout on 75 min time frame chart.
Entry: Triggered
SL: 83.10 (1.50% from entry)
Target: 90.85 (7.50% from entry)
IDFCFIRSTB - Long Setup, Move is ON..NSE:IDFCFIRSTB
✅ #IDFCFIRSTB trading above Resistance of 84
✅ Next Resistance is at 103
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
IDFC Bank Stock is in strong uptrend and near to breakout of ascending tringle trend continuous pattern
idfc first bank dailyidfc first bank making ascending triangle on daily charts
i only believe in protecting money thats why stop loss is must for me
stop loss is 80
target as per your appetite
follow youtube - Stock Magnet with sumit
Breakout stockAbove 84 it can go up further if banknifty also goes up..... It's risky but trade according to your risk aptite
idfcfirst - buybuy from cmp to 81.25
sl close below 80.9
easy tg 82.1
tg2 - 82.7
Disclaimer : This is my personal analysis for study purpose not intended for trading.
IDFCFIRSTBANK 1HRINTRADAY TRADE / SWING
IDFCFIRSTBANK Looking good for upside..
When it break level 82.40 and sustain.. it will go upside...
BUY@ 82.40
Target
1st 84.35
2nd 85.90
IDFCFIRSTBANK JUL FUT – 3 LOT (Qty-45000)
TRADERS ALSO DO SWING TRADE FOR LONG TARGET
Enjoy trading traders.. Keep add this STOCK in your watch list..
Investor are welcome..
IDFC First Bank - Long Setup, Move is ON...#IDFCFIRSTB trading above Resistance of 69
Next Resistance is at 83
Support is at 54
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
IDFC FIRST BANK : Monthly BreakoutIn monthly chart, falling wedge breakout and further analysed in multiple time frame and parameter as mentioned below:
Parallel Channel: 2D: The movement of price was downward channel, with defined resistance (red arrow) and support (green arrow). The stock breakout from its range and subsequent buy observed.
EMA, Volume and Bullish Candle: 1D: The crossover of EMA 20 & EMA 50 with significate rise in volume was the entry point and second entry was at bullish engulfing candle.
Disclaimer : The chart analysed for educational purpose only.
Thanks
-AJ
IFDFC Bank Ltd - Merger - Positive in long runRally of IDFC First Bank is temporarily ended due to the recent merger news. In long run this favourite cake will be beneficial to the retail investors .within a 2-3 year term the 300-500 levels are approachable .
IDFC first bankIDFC first bank getting ready to become the next UCO Bank
Good pullbacks pushing out the weak hands, towards high
Consistent volume giving confidence.
SWING SHOT
IDFC First bank After big fall in one day probability of trend reversal, using simple trend analysis and 200 days MA created support & resistance.
Sell IDFC First Bank Target 176The analysis of the IDFC First Bank chart indicates signs of exhaustion, suggesting that the stock has reached the top of its daily and weekly Upper Band. This could be an indication that the stock's upward momentum may slow down or even reverse in the near future. Additionally, the Max Pain level, which represents the strike price at which option buyers would incur the maximum loss, is at 176. This further supports the idea that profit booking could be on the horizon, as investors may consider taking profits or reducing their exposure to the stock. It's important to note that this analysis is based on technical indicators and historical data, and further research and analysis are recommended before making any investment decisions.
IDFC FIRST BANK @ 81.7BANK NIFTY: IDFCFIRSTB @ 81.70 | 17-JUN-2023
Sector: Bank - Private
BETA: 1.41
FACE VALUE: 10
DIVIDEND YIELD: --
BOOK VALUE: 31.02
RES: 84; SUP: 52/17
Above 84, we can see 86-92, 105-113, 142-150, 163-180
IDFCFIRSTBANK BTST Trade for Targets 78+IDFC FIRST bank can be bought based on hourly charts for Targets of 78+ in 2-3 weeks time.
LTP - 73
SL - 71
Targets - 78+
IDFCFIRSTB - Long Setup, Move is ON..NSE:IDFCFIRSTB
✅ #IDFCFIRSTB trading above Resistance of 76
✅ Next Resistance is at 84
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
IDFC FIRST BANK 4 hourly chart analysis Hello Friend's
I hope this message finds you well. I am reaching out to share an exciting short-trade opportunity that has the potential to yield a substantial return on investment.
Here are some key reasons why I believe this trade is worth considering: on this stock chart RSI and MACD, and VOLUME showing double bearish divergence so, please lighten your position and be careful.
IDFCFIRSTBANK PICK for the Week starting 15MayIDFCFIRSTBANK can be Pick of the Week Starting 15 May.
Targets Possible - 71
LTP - 66
SL - 65
RR - 1:5
Happy Trading
