IDFCFIRSTB trade ideas
IDFCFIRSTBANK Breakout Soon ! Keep an EyeIDFCFIRST BANK has been consolidating after a rally and has formed a triangle pattern.
Started from 48 --> Rallied to 67 --> Retraced back to 50 --> Rallied to 61.7 --> Retraced back to 50.6 --> Now at 52
IT is constantly taking support at the support line of 50 and holding up.
I am expecting IDFCFIRST to trade in triangle for some time and then breakout of triangle at around price 55-56. Aggressive traders can enter at this price also and not wait for breakout.
Entry - 54-55
SL- 48
Target T1:- 61
Target T2 :- 68
Please note - This is fundamentally a good stock and can be hold even if target of 68 is reached.
Can go LongIdfc bank looking good on technical charts, Can go long above 52 for a target of 60. SL 48.5.
BUY IDFC BANKIDFC BANK BUY 50-52 SL 45 TARGET 80 UP TO NOV 21
IDFCFIRSTBANK show strong support on price 50 . If Stock bounce back then target of 80 Rs should be achieved up to Nov 21
IDFC ready for swing trade. Only after entry gets activatedIDFC is at their AOI. having multiple reasons for taking position price action + indicator.
reasons:
1. at trendline support
2. at 200ema support
3.bullish candle at AOI
4.RSI divergence
5. MACD bullish crossover.
I think this much of the reasons are enough to take trade hahah. Usually more conformation leads to confusion about trade but very rarely it is seen that all the signals are positive. Still no one can be sure about the market move, because market is superior. Take position after doing your own analysis.
IDFCFIRSTB LongIDFCFIRSTB is ready to move....Targets T1-54, T2-57,T3- 60
This for learning purpose, please consult your financial advisor before taking any trade
IDFC and IDFC First Bank - reverse mergerIDFC holds a significant portion of IDFC First Bank as a bank HoldCo. IDFC has no other purpose of existing and hence we might see a reverse merger where shareholders of IDFC receive shares of IDFC First Bank or the shares are sold and the proceeds are returned to the shareholders of IDFC.
IDFC First BANK Long SetupBuy IDFC FIRST BANK at 52.50 with Stop loss of 48 for the target of 58 and 61 and 68
IDFCFIRSTB | Strong support zone + W Pattern | Potentially 40%IDFCFIRSTB | Strong support zone + W Pattern | Potentially 40%
CMP : 51 (Dip : 48)
SL : 40
Target : 67, 81
Good for long time also, can hold with conviction.
IDFCfirstB Looks Weak !IDFCFIRSTB : cmp : 54.2
A h & S kind of pattern has been formed in D chart.
Making lower lows for 3 days.
Sell on rise.
TGT 52.9/51.95
Sl 55.6
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
BUY IDFCfirst Bk @ 51.80 SL 49 target 55/60IDFC first Bk is good to buy at 51.80. results lined up on 31.7.21. It is a good fundamental stock to Buy at current levels and hold
IDFCFIRSTB
All charts/views posted here are for educational purpose only. We are not responsible for any of your profit/loss.
Good Risk to Reward Ratio in IDFC FirstBankAs per my view there is good risk to reward ratio.
SL 2.5 & Target 10 Rs , Lets see how fast we go.
This is only for educational purpose only
IDFC FirstBank Major SupportBuy at 50.50 for target of 56.
DISCLAIMER : Perform your own analysis and start investing
Approaching the mother of all trend linesIdfc bank has taken a support at this trend line continuously since March 2020 correction. The fundamentals are improving every quarter and it is reaching escape velocity to be regrouped from deep value to value to Blue chip in a few years. There has been huge institutional buying at the levels of 57, which will serve as anti-gravity level and leaves very less chance for a big correction.
If something goes horribly wrong in the market, it might go to levels of 45-47 but this would create attractive buy from these levels for a target of 70
Idfc first bank swing tradeIdfc is at strong support zone nd taking 200 ema support also it will give big target in next month also it will break all time high stay eyes on it
Also making w pattern in it ( double bottom on daily time frame)
Wait for the right entryNSE:IDFCFIRSTB
Make an entry at given price
target 40% in 3 months
stoploss is nearby because breakdown can also happen
if stop loss in hit see my future trades to recover them
IDFCFIRSTBANKThis is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk
IDFC FIRST BANK swing tradeIDFC FIRST bank swing trade, with good RTR ratio. Simple price-action-based trading, showing retracement, and this stock will fly in the coming days.
