IDFC First Bank - BreakoutHello All,
Greetings!
IDFC Bank Shows Breakout
it has been very clear that IDFC Banks Chart shows clear breakout from from Downtrend Triangle Pattern.
Important Things
1. This is only for educational purposes only.
2. Never over trade.
3. Always keep Stop Loss.
4. Trade in limited quantity.
5. Taking a small loss is better than wiping up your capital.
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IDFCFIRSTB trade ideas
Descending triangle breakout in IDFC First BankChart -> IDFC First Bank Daily
IDFC First Bank has given a Descending Triangle breakout with volume.
CMP: 57
Good range: 54 to 56
Targets: 61, 64
SL: 53.50 daily close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
IDFCFIRST BANK short Term SetUp .1. IDFCFIRST BANK forming Falling Channel which is going to Breakout Sooner Or Later .
2. Can Possibly Test Fib 0.382 Level Before Breaking Out . So First Buying Zone Will be Fib 0.382 Level (details given in chart).
3. Fib 0.50 Level is coinciding with Important Support Level Of 46.50 ( which will be our second buying zone ) . if you get chance Buy here .
4. Place Sell order After buying @ 60 and Enjoy the Profit.
5. Mandatorily Use Trailing Stoploss to secure your Profits.
Signal Duration - 10 days to 45 days
NSE:IDFCFIRSTB
Disclaimer :- Please DYOR before Investing.
IDFC FIRST --SWING TRADE --28/02/2023IDFC FIRST BANK --SWING TRADE --28/02/2023
1. stock seen lower channel breakout last hourly candle
2. support form around 54 level and move above 21, 44 HMA on hourly chart
3. BUY near 55 LEVEL target 56-57-58 ( 1-2) session stop loss bellow 53.25 level
4. bank nifty seen some pullback from oversold level
5. CCI , ema crossover seen .
** THIS IDEA IS EDUCATIONAL PURPOSE ..trade at own risk ..
HAPPY TRADING .!!
IDFCFIRSTBANKIDFCFIRSTBANK after its superb performance in its recent innings had to face the resistance and started moving down as shown in the chart. The recent target for the stock is projected as 61. The parallel path given in the chart could be its probable journey a trader can look into with a strict stop loss.
IDFCFirstBank This is only the beginingPatience is a virtue : Wise words for every Investors.
1. It takes time for any investment to compound exponentially.
2. If you have identified a stock for investment -- Give your Research(Efforts) ,( Fundamental and Technical ) Time to deliver.
3. Learning to Trust Oneself is simply SELF TAUGHT (can't be of much help here.)
3a. Sadly a missing trait of many Investors and traders alike.
4. IDFCFirstBank is here to stay n deliver,
5. I see this happening with next 3 to 6 months.
6. Will be a part of its long growth journey ahead.
7. Will not be surprised to see its price in 3 digits and stable around there for some time.
8. Dividends are what I'm banking on from my investment here.
9. A definite MULTI BAGGER.
IDFC First Bank: Buy on dips for long termIn the NSE:IDFCFIRSTB shares, we can see the Elliot Wave pans out nicely.
See the outer wave marked in green 1-2-3. We are in the motive/impulsive 3rd wave.
Now in the motive 2nd wave, there are again 5 subwaves formation. We are at 3rd motive inner wave. So it is 3-3 wave overall.
Hence a retesting of the long term support (which is also a neckline of a rounding bottom) around 50-52 is welcome.
We can accumulate around 50-52 for a target of 65-70 (a few months timeframe) with a SL of 46.