IDFC Bank ready for long swingI am accumulating IDFC first Bank from 52 levels since it broke upward from the pivot. Massive Delivery based buying can be seen in the last few days. Considering the positive results yesterday one can think of buying for a long swing if it opens above 58 ( preferably gap up) and shows volume. Personally, I think this stock can be a multi-bagger if the growth story continues.
IDFCFIRSTB trade ideas
IDFC First Bank: A chance to enter from long term perspectiveIDFC First Bank
- The stock has recently saw a rally from 28 odd levels to 53 levels in 3-4 months
- thereafter the stock has seen distribution at 50 odd levels
- now the stock has seen a correction of approximately 13% from the top
If some one has a long term perspective, one may consider buying the stock in parts
50 day EMA is around 45
200 day EMA is around 42
Have plans and preparation to accumulate the stock, if you see the above levels
Target 66 / 80
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
IDFC First Bank: a probable long tradeIDFC First Bank #idfcfirstbank I like how the bank is switching to retail loans. Improved financials viz CASA, CRAR etc.
#cupandhandle & inverted #headandshoulders
Targets in orange
SL~ LT 28 WCLBS
~ST 36 CLBS
Con: exposure in #spicejet
#nifty #investing #multibagger #stockmarketindia
[POSITIONAL] IDFCFIRSTB Long IdeaIDFCFIRSTB is in uptrend right now from last 25-30 sessions. From last 3 sessions there was some decline observed in IDFCFIRSTB as it was trying to cross a major resistance zone of 44-46.
Today IDFCFIRSTB has created a huge bullish engulfing candle which engulfs almost last three day's candles. Volume also looks good - Resistance Zone also broken so IDFCFIRSTB can be LONGed at the current price.
Entry - 46.5
SL - 41.5 ( we will keep the SL little below the previous swing low)
Target - 53.5
Target should be achieved within 1-2 months if all goes right ( no global mess up)
IDFCFIRST BANK buying in underperformed pvt banksToday buying obeserved in underperformed pvt banks
Rbl bank ,Bandhan bank and idfc first bank which were underperforming
the market observed buying interests.
Though bank nifty had recovered 78.6 percent of its fall few days back.
these banks were were underperforning.
today we observed buying interests in these stocks.
it appears some upside still left in these banks
Please go through my recents other stock ideas
Intraday/positional buy ideaThe stock is testing its strong resistance and looks good above 46.5 level for both intraday and positional. Positional targets will be 47.5 and 49.4.
Disclaimer: This idea is for educational purpose and kindly buy as per your risk management.
I always encourage partial booking 1-2% profits and use a strict trailing stop loss.
Idea is positional and only carry position on day closing basis.
Learn & earn,
Dr . Tanya Kumar
Downward Parallel Channel Breakout (trend reversal) @ IDFCFIRSTB#Downward #Parallel #Channel #Breakout (trend reversal) at #IDFCFIRSTB (IDFC First Bank Ltd) weekly chart.
In the context of technical analysis, a channel occurs when the price of an asset is moving between two parallel trendlines. The upper trendline connects the swing highs in price, while the lower trendline connects the swing lows. The channel can slant upward, downward, or sideways on the chart.
Types of Channels
A channel consists of at least four contact points because we need at least two lows to connect to each other and two highs to connect to each other. Generally speaking, there are three types:-
1. Channels that are angled up are called ascending channels.
2.Channels that are angled down are descending channels. Ascending and descending channels are also called trend channels because the price is moving more dominantly in one direction.
3.Channels in which the trendlines are horizontal are called horizontal channels, trading ranges, or rectangles.
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength
DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.