IDFC First bullishReversal breakout from downward channel.
Triangle breakout. positive results expected, value unlocking .
For education purpose only.
IDFCFIRSTB trade ideas
IDFCFIRSTB is now in a bullish zoneFollowing are the observations in IDFCFIRSTB :
1. Broke trend line resistance
2. Broke horizontal resistance
3. In another view, it also broke double bottom chart pattern
4. Volume recorded is also good
Point of concern : SMA 200 is the immediate resistance.
Area of accumulation - 51₹ - 53₹
IDFC FIRST BANKWhat a beautiful setup in IDFC FIRST BANK a good break out with good volume and close abv breakout and when we see in short term it also make formation of cup & handle BO one can buy at CMP for the targets mentions in chart
IDFC First Bank Ltd Swing Trade Target Are open Volume IDFC First Bank Ltd Swing Trade Target Are open Volume
Stop loss 49.50
IDFCFIRSTIDFCFIRST
Cup and handle breakout done
flag breakout done
can go long above 53 sl 48 dcb
target 1: 62
target 2: 70
Minimum R:R=1:2
Good Candidate for positional trade with all indicators indicating positive move upside, it also going to surprise with earning on 29th as covid provisioning in last Quater result in poor earning this time it will not be that case ,
sl 47.75/ tg 56/59.5/64
IDFCFIRSTB on Weekly Chart- Elliott Waves - LongIDFC First Bank has completed one Elliot Wave cycle with an impulse wave 1-2-3-4-5, starting from INR 18.5 and ending at INR 69.25, and a corrective zig-zag wave A-B-C, ending at INR 40.7. This cycle is a formation of a bigger wave, wave 1 & 2 (which is not marked in the chart). If the analysis holds true, wave 3 has started.
Trading guidelines:
1) Aggressive Trade (arrows shown):
-Entry when the extreme of wave 4 of corrective wave C is broken, i.e INR 52.5
-Stop loss at the end of wave C, i.e INR 40.7
-First Target close to INR 62. This is because there wave B ended and also, there seems to be a strong resistance (conformed by standard pivot point & also on monthly chart)
-Second Target close to INR 75. This calculated on the basis of getting a reward-risk ratio of close to 2:1.
2) Conservative Trade (arrows not shown):
-Entry when start of wave B is crossed, ie close to INR 62.
-Stop loss at the end of wave C, i.e INR 40.7.
-Target close to INR 106. This calculated on the basis of getting a reward-risk ratio of close to 2:1.
Extra:
On checking for fib relationship between bigger wave 1 & 2, wave 2 was expected to reach INR 39.7 (0.618 retracement). However, it reached INR 40.7 as the low, which is close to 0.563 retracement.
IDFC First bank: Next rocket of banking sectorThe stock has give it's 8 month old trendline breakout today with volume.
It has bounced sharply from all 20/50/100/200 ema and RSI is also giving bullish indication.
Buy above 53 level for targets: T1: 57.5, T2: 61.5 and T3: 67
Learn & Earn,
Dr. Tanya Kumar
IDFC First Bank BO!IDFCFIRSTB has given a breakout wrt. short term trendline and also long term trendline
All levels are mentioned on the chart
Please do your own analysis before making any decisions and also let me know if I missed something.
Let's learn together.
BREAKOUT IN IDFC FIRST BANK -- SWING TRADERefer the chart for entry, sl and target. Breakout with a big green candle and high volume. Chart is self explanatory. Trade with proper risk management. Thanks. Cheers.
IDFCFIRST breakout with volumeslogics behind the trade.
1. Stock has given breakout of 51.55 with good volumes in daily Time frame
2. Result declare on 29 oct.
this are my 2 reasons to take the trade as per my risk management
my SL will me any colsing below 49.50 in Daily time frame.
All breakouts and targets are mentioned on the chart.
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Also, comments your views on this.
all the above analysis are as per my own observation and risk ape-tide ,
you may have any different views & observation, do your own study before taking the trade.
trade on your own risk, analysis is just for educational purpose.
Thank you.
POSITIONAL #KASH_STOCKIDFC FIRST BANK
The stock has made a breakout of descending channel pattern. As per the pattern we can expect 54, 56 & 59 levels in the coming days/week.
Please do your own study before any trade.
Long IDFC first here IDFC first can give good returns in short term from here. Stock is about to give Trendline breakout. Short term targets would be T1 52.5, T2 57.4, T3 61.7. I am not a sebi registered trader and the analysis is purely mine and for educational purposes only.
IDFC FIRST BANKEducational purpose only.
This is not recommendation of buying or selling.
I am not sebi registered.
IDFC First Bank - BullishVCP in Play
Currently in Inside days
Looks like ready to break and come out of it
Buy only if it breaks and sustains 52 (with volume)
View Negated below 47
IDFC F Bank Buy-49-45
SL - 40 Below Daily Closing Basis..
Target - 55-65-80++
Time Frame - 3-4 Months..
The Banks Are Looking Very Good In This Quarter..
The Results Are Above The Estimaates & The Banks Were Underperforming From Quite Of Some Time..
Time To rocks NOw ..
idfc first bank swing tradeIDFC FIRST BANK is looking good for short term / swing trade for 10 - 15% target ..............
buy zone .......48 - 52......
target 1 - 59/60
target 2 - 70/72
stop loss - 44
IDFCFIRSTB LONG IDFCFIRSTB LONG ABOVE 52.5 SL-46 TGT-62, QQE MOD & ADX both turn up to bull run wait untill ADX ABOVE 20 with DI+, If anytime sudden move happen then SL Is SUPERTREND. NSE:IDFCFIRSTB
IDFC first bank Cup and handle patternIDFC first bank form Cup and handle pattern, if it cross and sustain above long term trend line resistance 51.51 on upper side, it may provide good return soon.
Next targets 54 and 57 soon
