IDFCFIRSTB Bulish on IDFC First Bank 09-june-2025
IDFC First Bank Ltd. stock forum
IDFCFIRSTB Bulish on IDFC First Bank 09-june-2025
IDFCFIRSTB 72 🎯 target
IDFCFIRSTB
📈 4-Hour Support & Resistance Levels
Based on recent intraday analysis, the key support and resistance levels for IDFCFIRSTB on a 4-hour chart are:
Support Levels:
₹59.89 (S1)
₹59.15 (S2)
₹58.17 (S3)
Resistance Levels:
₹61.61
₹62.59
₹63.33
These levels are derived from the recent price action and can serve as potential entry or exit points for intraday traders.
🔍 Technical Indicators Overview
Relative Strength Index (RSI): Currently at 39.67, indicating a potential oversold condition and possible reversal if the price holds above key support levels.
Moving Averages:
20-day EMA: ₹56.78
50-day EMA: ₹58.88
100-day EMA: ₹61.87
200-day EMA: ₹66.42
The current price is below these moving averages, suggesting a bearish short-term trend.
Average True Range (ATR): 1.92, indicating moderate volatility.
📊 Chart Analysis
Recent chart patterns suggest that IDFCFIRSTB has completed a complex correction pattern labeled as a triple zigzag (w-x-y-x-z-w) on the 4-hour chart. The price has recently breached below the 20/50/100/200 exponential moving average band, indicating a bearish trend.
✅ Trading Strategy
Bullish Scenario: A break above ₹61.61 (R1) with sustained momentum could lead to a rally towards ₹62.59 (R2) and ₹63.33 (R3).
Bearish Scenario: A drop below ₹59.89 (S1) may accelerate the decline towards ₹58.17 (S3).
It's advisable to monitor volume and candlestick patterns for confirmation of breakout or breakdown.
📈 4-Hour Support & Resistance Levels
Based on recent intraday analysis, the key support and resistance levels for IDFCFIRSTB on a 4-hour chart are:
Support Levels:
₹59.89 (S1)
₹59.15 (S2)
₹58.17 (S3)
Resistance Levels:
₹61.61
₹62.59
₹63.33
These levels are derived from the recent price action and can serve as potential entry or exit points for intraday traders.
🔍 Technical Indicators Overview
Relative Strength Index (RSI): Currently at 39.67, indicating a potential oversold condition and possible reversal if the price holds above key support levels.
Moving Averages:
20-day EMA: ₹56.78
50-day EMA: ₹58.88
100-day EMA: ₹61.87
200-day EMA: ₹66.42
The current price is below these moving averages, suggesting a bearish short-term trend.
Average True Range (ATR): 1.92, indicating moderate volatility.
📊 Chart Analysis
Recent chart patterns suggest that IDFCFIRSTB has completed a complex correction pattern labeled as a triple zigzag (w-x-y-x-z-w) on the 4-hour chart. The price has recently breached below the 20/50/100/200 exponential moving average band, indicating a bearish trend.
✅ Trading Strategy
Bullish Scenario: A break above ₹61.61 (R1) with sustained momentum could lead to a rally towards ₹62.59 (R2) and ₹63.33 (R3).
Bearish Scenario: A drop below ₹59.89 (S1) may accelerate the decline towards ₹58.17 (S3).
It's advisable to monitor volume and candlestick patterns for confirmation of breakout or breakdown.
IDFCFIRSTB good to buy above 75.68 for T1= 84 & T2=92 Sl=70
IDFCFIRSTB Jefferies has initiated coverage on the stock with a "Buy" rating and a target price of ₹100, implying an upside of over 17% from the current levels. They expect the bank to deliver a 28% earnings per share CAGR over FY2024-27, driven by asset growth, margin expansion, and improvement in cost-to-income ratio.
Other analysts, such as BOB Capital Markets, have also assigned a "Buy" rating on the stock, with a target price of ₹96, citing expectations of improved return on assets (ROA) and return on equity (ROE) in the coming years.
IDFCFIRSTB My holding 76.40 .short term 82 tgt
IDFCFIRSTB add this stock at this levels 70..73.. for target 100..120.. 3..4 months
IDFCFIRSTB This Stock is SHORTer ParadiseIDFCFIRSTB Day Range says the whole story about this stock ...... its a gone case
IDFCFIRSTB Shorted future @ 83.5 SL 86.8 target 80 and 75