IDFCFIRSTB trade ideas
IDFCFIRSTB bear trap or flyLet's see if price action continues or not. trend line If it continues after the retest, consider entering with a stop loss. Beware of bear traps.
IDFC FIRST BANKIDFC FIRST BANK
Take entry after the resistance breakout
Targets are mentioned in the chart
Candle closing is mandatory for positional entry
IDFC FIRST BANKPosition trade
IDFC FIRST BANK
Above 51.50
Target zone ,53.55,57,61
Stop loss 49
Don't miss that
Positional Buy Trade opportunity | IDFC FIRST BANK | MID-TERMNSE:IDFCFIRSTB
On Daily time frame, it is still trade below 200DMA.
200DMA is placed at 53.05 level.
Also it closed in the resistance zone of 52- 52.50.
It will be bullish once it give sustainable breakout of 54 level or 200DMA.
All the targets are mentioned on the chart.
Please refer below chart : 1day Time Frame.
***************Please note this is my own study/opinion, it is not a trade recommendation**********************
Please Consult your financial advisor before making any investment.
Chart Analysis of IDFC First Bank (12 Dec 2021)Triangle breakout completed on weekly basis.
Private Bank looking Strong for Upcoming Weeks.
Target : 70
SL : 50 WCB
Only for educational purpose. Not a recommendation.
Positional Opportunity in IDFC First BankGo Long above 53.6 for Targets of 62.9 with SL 44.3
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.5 Fibonacci level.
3. Also the stock gave a trendline breakout.
Long Term Opportunity in IDFC FirstGo Long above 52.2 for Targets of 63.65, 75.9, and 86.55 with SL 40.75
Reasons to go Long :
1. On a Monthly timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Harami (marked with orange color) is formed around 0.5 Fibonacci level.
3. In addition to this the stock gave Trendline breakout on a Monthly timeframe.
jackpot Possible in IDFC FIRSTJackpot possible in IDFC First Breaking out Triangle pattern possible it can touch 80-85 range this time only for study purpose.
Target 200%RR is almost 12 in this trade. Entry is already triggered but one can enter in this trade neat the resent candle close. Target is probably 200%.
IDFC First Bank BreakoutA range breakout(horizontal) as well as a large triangle consolidation breakout at play here with good volume, can see firther upmove and retest of the brakout region(safest entry) and then an upleg again
Trendline breakout on Weekly chartNice breakout on the weekly timeframe, can go long above 53 with SL 45.
Educational Price Action AnalysisPrice Action Analysis
always wait for HH to enter the trade to get an impulse move.. in the current situation 15 min candle close above 53.50 then one can enter it with a target and keep a SL.
Potential Breakout in IDFC First BankTrendline breakout in IDFC First Bank's Weekly chart.
Before moving to Target 1 (T1), price may retest the level of 50.40 once.
IDFCFIRSTBANK_CUP AND HANDLEIDFCFIRST BANK is forming bullish CUP and HANDLE pattern.
One can go long from here.
(FOR EDUCATIONAL PURPOSE ONLY)
IDFCFIRST BANK : ANALSYSISThe stock has taken support from trendline and fib level. After healthy correction, stock is at good to accumulate for long term view point.
Other Factors :
Pros - Triangle Pattern, Multiple Moving Average, RSI Positive , Risk & Reward Favourable
Cos - Low Volume, Volatility
Entry, Stop Loss and Target mentioned in charts.
Thanks
Triangle BreakoutIDFC FIRST bank is trying to give a triangle breakout. Buy above 52.5 level for a positional target of 55 and 57.4
Learn & Earn,
Dr. Tanya Kumar
ACCUMULATE BELOW 38already reached wolfe wave target , now it is forming the same pattern, short term trader should wait for clear reversal from 38 levels, target mentioned on chart
IDFC First bearishIDFC first operating in range and in downward trend.
As per wave theory, it is currently started its 5th wave and is expected to touch bottom of 35-37 range.
Disclaimer: This is not any type of recommendation.
IDFC FirstSimple Analysis......................................................................................................................................................
just for educationSHORT IN CASE
BELOW 50.50, FOR TARGET OF 49, 48.
LONG IN CASE
HERE, AT CMP 51.65 FOR TARGET OF 52.5, 54 (IF CLOSE ABOVE 54, THEN AGAIN LONG POSITION FOR TARGET 56, 58)
SL : 50.50
Disclaimer : This analysis/strategy is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
