IDFCFIRSTB trade ideas
IDFC FIRST BANK, MULTIPLE CONFIRMATIONS1) In weekly TF we can see a flag and pole pattern formation and taking support from 200 MA
2) In daily TF we can see falling wedge pattern BO and consolidation below 200 MA
3) In daily TF we can see a triangle pattern formation ,after breakout of triangle pattern and price above 200 MA, we can see short term target of 5-7% and long term target of 15-20-25%
IDFC First BankHi,
IDFC First Bank is expected to breakout.
Entry Level - 48
Target - 57 & 61
Stop Loss- 45
IDFC first Bank Elliott wave theory analysisIDFC first bank Technically looking good its follow Elliott wave on a daily charts one cycle have almost completed or 5th wave in lettered phase progress. Its on weekly chart one impulsive move (wave1) and corrective move (wave2) have complete 0.618% beginning 3rd wave which will complete 1.618% @95 . Its minor resistance face 200SMA line @52 and falling trend line touch in this area and Harmonic XABCD pattern Completed D Point indicate reversal sing swings and Harmonic pattern target area 76-86. before investment please guide your finance adviser. thanks all of you good night
IDFC First will Dip lower?IDFC First bank share price has shown immense volatility in its share price in the year 2021. This stock has been observed to have high volume transactions on daily basis. This is because of the strong fundamentals that support investor's trust in this stock. However, this stock is forming a triangle pattern. Currently trading @ 47.65,IDFCFIRSTB could be seen dipping till the range 39 - 41. This is evident as per the dips observed in the majority of banking stocks last week. If IDFCFRISTB crosses support @ 46.45, it will dive deeper. Investors should buy this stock in the dip as the trend reversal after that will lead to IDFCFIRSTB reaching the target price of around 52. This action might take place in the next couple of weeks. This is a growing stock and going long on this stock and holding it can prove to be a great benchmark for future investments.
GARTLEY ON IDFC FIRST CAN GO LONGBullish Gartley (Harmonic Pattern) Formed On Weekly Chart.
Target Should Be As Per Fib Levels & Signals Generated On Levels
IDFC First bankIDFC First Bank - CMP 59.8. Can buy for a target of 60.65, 61.55, 63.95, 65.9 with a sl of 57.85.
Downtrend Reversal Stock looks good for uptrend on weekly & daily time frame. Buy according to your risk & place your stoploss below (40.75) for given targets. Also analyze on your own. Happy Trading !
IDFC First Bank forming Cup and handle on daily chartsIDFC First Bank forming cup and handle on daily chart, best time to buy , risk/reward ratio seems perfect, can have upside move till 57 and stop loss could be placed at 45.5. ( Do keep in mind this stock is a slow mover, will take some time to reach the desired targets)
Note: This is only for educational purpose
IDFC First bank CMP 48.5IDFC First Bank - 48.5, It is in the formation of cup and handle pattern. Its 200EMA is 48.85. If it goes above 48.85which is incidentally the handle breakout point, it can go up to 49+depth of the cup from handle breakout point is 8 points. Means it can go up to 48.85+8= 56.85, with a sl of 47 on closing basis. This is for educational purpose only and any trades shall be done after consulting financial experts.
IDFC bank in monthly time frameIDFC bank in monthly time frame.
Need to wait and watch how it behaves..currently it is forming a triangle pattern
IDFCFIRST BANK - Completed retracement and waiting for GunfireIDFC First Bank after the head and shoulder pattern has retraced to price levels of @ 40 INR. I has resumed its upward journey is nearing long term resistance. In last rally it has tested this resistance of @ 51.5 and tested it and had moved further. In this rally if it breaks price of INR 52 on closing basis it will be headed for next resistances as marked on the charts.
Only for academic purpose.
IDFC First Bank Channel/Rectangle/HnS BreakoutMoving out of a range with volumes
Buy 58-58.50
SL 55.30
TGT 62-63
IDFC First Bank notching up slowly to take the first place IDFC First bank has completed a Bullish Gartley Pattern on Daily Timeframe...The trendline breakout on RSI and MFI are confirming its UP move..Lets ride it
Swing Trade in IDFCBANK ( 5 days)IDFCBANK is near crucial resistance 48.
Buy above 48
Target 52 / 56
Stoploss 44
IDFC BANK Triangle Chart Pattern AnalysisIDFC BANK is currently in a downward channel and part of the triangle pattern. The triangle pattern breakout confirmation will be at 55 with a big green candle.
Target 1: 55 (within 10 days)
Target 2: 62 (within 20 days)
Target 3: 68 (within 40 days)
stop loss 40
Happy Trading!
IDBCFIRSTBANK BOUNCE Back. Its Bullish !!The stock was in down trend for past 1 month. The price correction is over and the stock has formed MORNING STAR pattern in weekly time frame, which is an indication of TREND REVERSAL and will be Bullish in coming days.
Enter : Wait and Add on dips.(42-44)
STOP Loss: 39
Target 1: 52
Target 2: 63
Target 3: 70
Time frame: 1months/2 months/4months
Trade @ your own risk. Its is my own analysis. Input are welcome!!
Looking good for 50+Looking good for 50+. Gave upward channel BO and may hit 50 very soon. Above 51, 60/65/70 are next targets.
IDFCFIRST Our Favorite is now back on track..
49 is main resistance...close above 49..we se a target of 55 to 62
IDFCFIRST is a screaming BUY!Stock completed the 2nd elliot wave of correction and started the 3rd impulse....which is called the money wave.....buy quickly and make money..
Upturn in IDFCFIRST BANK!!!IDFC FIRST Bank has formed a perfect channel pattern on a daily chart on a downtrend and now it has started its upturn from the very bottom. If this continues breaking the (blue)trend line, we can expect it to reach till 50 before its next event date.
Disclaimer: Kindly consult with your financial advisor before taking any trade.!!
IDFC First BankIDFC First Bank taking reverse. One can enter now for target of 53+ and stoploss of 41.
