IDFCFIRSTB has given closing above long term resistance line. If it sustains during opening session on 2nd Dec 2019, it should be good for both Intraday & positional. Level highlighted in chart.
IDFC First Bank in resistance zone - above 47.5 will reach immediate target of 49.95. Major long term trendline resistance at 50.
T1- 49.95
T2 - 55
T3 - 66
T4 - 80
Stoploss: 41.75
Hi All,
Finally the bo every one was waiting for ages.
Its daily, weekly, monthly bo today if able to close above 45..
Post that 52 is the first stop in the journey.
Regards,
Atul
IDFC FIRST BANK: The stock has taken support at multiple pivots and bounced with strength. The momentum is positive as shown by MACD as it is above the zero line in positive mode. The RSI is displaying strength above 50 levels on the daily charts. A strong close above 43 will be very positive with stock and it can move to 46 levels. A move below 40.50 will not be...
IDFCFirst Sell 46.40/- Stoploss 48.90(2.50/-) Its approaching too quick , So i decided to put this sell order 0.05 Paisa more deep . new Sell order is 46.40/-
IDFC FIRST BANK high 57.25 to low 35.70 and now showing strength and going to 45.15 but 47 is strong Registrant so be cautious. If cross 47 then try to move to its high.
In MACD showing good price strength.
stop loss 42.50
wait for pullback till 42 and then short.
look for 38.45
2nd target 35.90
Disclaimer: All posts/views are for educational purpose only..!!
Kindly contact financial advisor before taking position/decision.
IDFC First Bank Ltd. engages in the provision of financial and banking solutions. It operates through the following segments: Treasury; Corporate and Wholesale Banking; Retail Banking; Other Banking Business; and Unallocated. The Treasury segment consists of the Bank's investment portfolio; money market borrowing and lending; investment operations; and entire foreign exchange and derivative portfolio of the Bank. The Corporate and Wholesale Banking segment provides loans, non-fund facilities and transaction services to corporate relationship not included under Retail Banking, corporate advisory, project appraisal placement, and syndication. The Retail Banking segment constitutes lending to individuals and business banking customers through the branch network and other delivery channels. The Other Banking Business segment includes revenue from distribution of third party products. The Unallocated segment consists of items which are considered at an enterprise level. The company was founded by Rajiv Behari Lall on October 21, 2014 and is headquartered in Chennai, India.
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IDFCFIRSTB
