IDFCFIRSTB trade ideas
Good breakout With VolumeBreakout after being in range for few days with good volume. Could see 32 +
SL 24
IDFC FIRST BAANKIDFC FIRST BANK Break Multiple Swing high.
Entery Price: 28.80
Stop loss 26
Target: 32.30
IDFC First Bank Ltd. - WEEKLYIDFC First Bank Ltd.
IDFC First Bank Ltd.'s price is consolidating within a triangle formation on the lower side of the downtrend.
Technically 27.20 - 27.80(100EMA) are the resistances for the price. Whereas 23.50 - 22.10(50MA) are may act as support in the short time frame.
Price needs to produce a breakout from the mentioned support and resistance zone for a clear directive future movement.
KEEP AN EYE!!
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IDFC First - Short term breakoutAbove 26.90 the stock could do 30.
SL 3% below buy price.
Over the weekend vodafone paid interest to its bond holders. IDFC First has provisioned approx 1700 cr of Vodafone-Idea in its books. They can either show that as profit now that it must have become a regular account or use that provision for Covid based defaults while not affecting its profitability next quarter.
IDFC First Bank Ltd. - WEEKLYIDFC First Bank Ltd.
Keeping short term positive move intact, the price faced resistance from 28 price.
Price presently consolidating within 28 as a resistance and a 17.65 as support.
A breakout above 28 level might extend this short term bullish move. 22.20 can consider as immediate support.
KEEP AN EYE!!
#tradingedge_academy #SMTA_institute
IDFCFIRSTB KEY LEVELS SUPPORT AND RESISTANCE 05/06/2020Key Levels for IDFCFIRSTB : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~23.55
FIRST TARGET~25.40
INTERIM RESISTANCE~25.15
FINAL RESISTANCE~26.55
**************************
LOWER BREAKOUT~22.30
FIRST TARGET~21.60
INTERIM SUPPORT~20.70
FINAL SUPPORT~19.60
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
IDFC First Bank clear cut break out with volume IDFC First Bank clear cut break out with volume
Also see long build up. ( search on google to see it ) which is a clear signal of a bullish trend. but observe Nifty and build position see target levels in chart.
Beginning of upper trend A small beginning of upper trend can be observed .This trend is most likely to break upwards
Target1 -> 23
Target2 -> 24.5
Target3->28
34.10/- idfcfirstbank looks instant buy ! in this price 34.10/- NSE:IDFCFIRSTB looks instant buy ! in this price
IDFC first bank looks good buy on 38.45/-NSE:IDFCFIRSTB this stock looks nice buy on 38.45/- an short term correction looks very profitable towards 41.50/- area. with stoploss at 37.75/- this trade looks nice as per R:R possibility
Is IDFC FIRST BANK a multibagger ?BUY between levels of 36-40 and put a stoploss at 34 .
TARGET : 46,48.
