IDFCFIRSTBANK 11% upside in 2 Months Possible.IDFCFIRSTBANK 11% upside in 2 Months Possible.
Hourly Charts showing Bottom formation with High Volumes.
LTP - 79.75
Targets - 88
SL - 77
Time frame - 2 Months
Happy Investing.
IDFCFIRSTB trade ideas
Multipattern Analysis on IDFC First Bank!NSE:IDFCFIRSTB Analysis!
Multipattern Analysis on $NSE:IDFCFIRSTB!
Analysis on a Weekly Timeframe!
Analysis:
I have done the overfall analysis of IDFCFIRSTB since its inception. It looks very complicated but if you know all the patterns it is just like anything. I have combined all the patterns with the Support and Resistance Trendline. Don't get confused. Read the chart thoroughly and you'll get a better idea of where to enter and where to exit. As you can see in Chart 3 most important reversal patterns are there.
1) Triple Bottom Pattern 2) Double Bottom Pattern 3) Inverted Head and Shoulders Pattern
Now the price is moving in a parallel channel but we can see the Flag and Pole Pattern Formation is going on. Aggressive investors can enter at current price levels as the price is above 50EMA. But my suggestion would be to enter only after the upside channel breakout.
Trade Setup:
Entry= Current levels are good for aggressive investors. Conservative investors can enter after Flag/upper channel breakout
Target= Nearest Possible Target would be 100.70(New All-Time High Level)
Stop Loss= Below 75.66
Disclaimer = Consider my analysis for Educational Purposes only.
Before entering into any trade -
1) Educate Yourself
2) Do your research and analysis
3) Define your Risk to Reward ratio
4) Don't trade with full capital
IDFC FIRST BANK on wait and watch modeIDFC FIRST BANK CMP 74.21 - 25 % dip from top .As per fib retracement levels IDFC FIRST BANK Trading below 0.5 level ,75.5 is a support , and price is trading below 75.5
as per my analysis Uptrend will resume when price move above 77 or 80. could be safe entry.
Please Note its my personal view its not a Buy or Sell recommendation
IDFC First near to bottom out if gives monthly close above 82IDFC First Bank is making P&F pattern and as of now it is making falling wedge pattern within the flag.
It seems to be very near to finish the bottom if it protect this area of 70-74 properly.
A monthly close above 82 can be a positive sign for P&F pattern breakout.
Actual breakout starts above LTH(100).
So with a stop loss below 70 it might be a good investment idea but if it follows the theory it can might take some time.
A safer entry (breakout) could be above 82 with a monthly closing.
A top above 100 with a weekly/monthly closing above 100 (LTH)
Final target can be up to 130 as per P&F pattern.
IDFC first bank move will startIDFC first bank is now ready for the move. It has good breakout in D W M timeframes. in 15mnt it was also retested too. According to my thinking this stock can double very quickly. Please also see previous breakouts which i mentioned for demo (grey area). The longer the consolidation the higher it can go so this time is has nearly 1yr consolidation breakout. So it will go long way. First immidiate target is 100 then further move according to fibo extensions. Move is till 230 but i cant show in one screen. Please follow my given targets & i will keep updating this post.
Keep this in mind. Options is a dangerous instrument to play. Please do not go wild on anything unless you know exactly what you doing. Even though your direction is right still you tend to loose in option buying. And market can always prove me wrong and i take that rights too. Experience traders also fail in this market. Only risk management will give you an edge. Don’t take any trades without SL. Respect the market, Ungli nahi katoge to pura hath katna padega. Beware.
DISCLAIMER: I AM NOT SEBI REGISTERED ANALYST. ALL POSTS ARE EDUCATIONAL PURPOSES.NON ADVISORY, DISCRETIONAL NO CLAIMS, RIGHTS RESERVED. I AM NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS.
IDFC FIRST BANKTrading near support zone 71-72
This is just an idea
Trade or Invest at your own risk
Consult your financial advisor before trading or investing
IDFC FIRST BANK 74 Good Opportunity 10 to 20% returnThe stock Showing strong support level at 70 and target of RS 84. i would wait for stock to down to 70.
would buy and hold the stock till it reach 84 and above.
Keep your eye on IDBI first bank 5th wave projection based on monthly chart. Keep accumulating this is going to blast soon.
Idfc First Bank Date 21.07.2024
Idfc First Bank
Time frame : Day chart
Key notes & points mentioned in the chart
IDFCFIRSTB 17-06-2024Happy learning with trading. I just shared my view. If correct give me one like. If not correct me.
Points to Note:
1) parallel channel breakout
2) Enter at CMP for short term target of 1 and 2.
3) Good to hold for long term too.
4) Safe traders can add 70-73 range if comes for long term hold.
Disclaimer:
I am not a Registered Analyst with SEBI and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses.
IDFC Bank long term target is 145, see the analysis It is superb time to accumulate the stock, soon there will be flag breakout and it will be reach to 145 within weeks. See the chart for probable reason.
IDFCFIRSTB (Portfolio Pick)TF-1M
We consider this stock in every dip till 62
Idea got invalid below 51
Targets are 100, 120, 138
(Mid to Long term view)
.
Only my view.
.
I am not a SEBI Registered. This analysis is purely for educational purposes only.
.
If you gain some learning from this chart, then please like this post for more reach & also do comment if you have any questions regarding this.
IDFC First bank Re-RallyBanking stocks have largely underperformed benchmark nifty, however it seems that banks are having a rally(expectedly before budget) and IDFC First bank is poised to reap good rewards. Currently trading at LTP: 83.0 and breaking a major resistance. It is very likely that IDFC bank may give another 8-10 % in the coming 15-20 days. One might carefully strategize a bull spread to maximize profits.
IDFC FIRST BANK 1HRSWING TRADE
- EARN WITH ME DAILY 10K-20K –
IDFC FIRST BANK Looking good for Downside..
When it break level 82.16 and sustain.. it will go Downside...
SELL @ 82.16
Target
1st 80.93
2ND 80.12
IDFCFIRSTB JUN FUT – LOT 8 (Qty-60000)
MINIMUM 10L CAPITAL
Enjoy trading traders.. Keep add this STOCK in your watch list..
Big Investor are welcome..
IDFC First Bank : 34% to 218% Upside Potential#IDFC First Bank : 01 Jul 2024
"Life is Simple, we make it complicated, So is Trading.
Discover Simple, Yet POWERFUL IDEAS."
In Play : HH : HL
Summary
• CMP : 82
• Clean Price Action with Vol favor's BULLS FOOT PRINT
• Nice CONSOLIDATION of around 8-10 months
• Trading right AROUNG VP mountains
- ATH : 100.70
Conclusion
• CMP 82
• Looks good for going NORTH
• Higher Levels could be around
o Imm Higher Levels : 110/124
o Potential Levels : 168/262
Wish You Happy & safe trading
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
SOMETHING IS SURELY COOKING IN SMALL PVT BANKSNSE:IDFCFIRSTB is preparing itself for a double bottom breakout on daily charts. Not just IDFC FB but CUB and other small private banks are nearing breakout.
IDFC FIRST BANK As in weekly candle it didn't closed above that green trend line , so it could test below red line or (78 -- 79) level within this week, if sustains above these in weekly then it could move upwards to 96 ( 9th Sep 2024 ) and 120 within or on Nov 2024 or could hit above within K / P Arc
Disclaimer:
It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises.
IDFC First bank Ready for Entry IDFC first bank 🏦 is ready for an entry for long term investment 🤑💰, Expecting 100 % returns in upcoming months and years🎯💯✅📉📈,
Just historical data analysis, as per my view, whenever IDFC breakouts the trend line it's always gives near 90% to 100% returns. Expecting this time also 100% returns, the stable government is bulide in India for an upcoming 5 years it may give more than 100 % returns for long term
Weekly view - IDFCFIRSTB - Jun 24, 2024The chart of IDFCFIRSTB has consistently found strong support at lower levels for weeks. It has also broken above its downward trendline twice, closing above it with significant trading volumes. There appears to be ample upside potential for this stock.
IDFCFIRSTB - Weekly AnalysisIn the Weekly Chart of IDFCFIRSTB ,
we can see that, it has given Flag breakout.
Let it retest and then Enter with SL and Target.
Expected move is shown in chart.
IDFC FIRST BANK Long PositionalDate : 22-06-2024
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SWING RESEARCH TO OBSERVE
Structure Breakout
IDFC FIRST BANK Looks Good @ CMP
SL 72
Target 89, 95, 100, 106, 118
Hold few weeks
Please consult your financial advisor before investing
All research for educational purposes only.
