Amazing swing trading idea for 9 April Markets I daily make educational content videos for swing / positional trading
IDFCFIRSTB trade ideas
idfc first bank bullish pennant flag pattern bullish pennant flag pattern at weekly chart
support taken from 50 days EMA
stock may go up only if crossed the trend line.
It is just a view, please trade at your own risk. I'm not SEBI registered adviser
IDFCFirst : Cup Handle : Very Bullish Buy IDFCFirst above 85 sl 79 target 100, 127, 147
Bullish pattern
Cup and Handle - Handle's last leg of consolidation will be finished at price breaks up at 85
a very sharp rise will be seen after 85.
IDFC FIRST Bank ChartIDFC first Bank looking bullish from the price mentioned in the chart. Observe this chart as we are providing these are only educational purposes.
IDFCFIRSTB - Weekly AnalysisIn the Weekly Chart of IDFCFIRSTB ,
we can see that, it is holding strongly on support after consolidation of 7 weeks.
Enter on breaking the current candle's High with Low as SL.
Idfc First bank Ltd analyasis on 04 Mar 24Idfc First bank Ltd analyasis on 04 Mar 24
Stock with breakout after 2016
sustain above 82
wait for sometimes if sustain above 80 in march
then add quantity
keep stoploss 70 (on closing basis)
target 100 - 110 - 120 - 125
breakout target 142
idfc first buyBuy from cmp to 83
sl close below 82.4
easy tg 85
tg2 - 87
Not suggested
Disclaimer : This is my personal analysis for study purpose not intended for trading.
#Idfcfirstbank cash : Looks good above 85.10 and dips #Idfcfirst bank Cash -Positional for 3-4 months
26.02.2024
Looks good above 85.10 and dips 82.50-83
Stoploss 77
Add more above 90
Tgt 98-100/120
Cmp 83.95
Buy Above TrendlineFollow the Given Stoploss
Wait for confirmation
Do trade in given time frame..
Above 90 Stock might be very strong.
IDFCFIRSTB - Weekly AnalysisIn the Weekly Chart of IDFCFIRSTB ,
we can see that, it is holding strongly on support after consolidation.
Also, it has created a Hammer candle on Support.
Enter on breaking its High with Low as SL.
IDFC FIRST BANK on monthly support.Looks promising. Higher low made today on daily chart. Wait for confirmation tomorrow.
IDFC First Bank Long IdeaDivergence has occured b/w momentum & Price action in IDFC First Bank near 200ema.
I took a pilot position for now. Lets see how price moves from here.
SL & Targets are mentioned in chart.
daily gatemonthly cup breakout and retest
weekly RSI 40 support
daily gate at retest of cup level
daily RSI divergens with price making double bottom
can look to enter with monthly cup target
fundamental good
IDFC FIRST BANK : BUY ?IDFC FIRST BANK : Can you buy ? or consider with IDFC Merger . we can get some gift.
review of idfc first bank NSE:IDFCFIRSTB
the stock has given us a good return. But looking at the price action, it seems that a correction may come.
1. There is a demand zone from 80 to 75, but it does not seem very strong.
2. It seems to me that the price will react again near the zone of 75 and give an upward momentum.
3. There is a strong demand zone near 50 which will take the price to an all-time high again. Here we should book profits and wait for some correction.
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#IDFCFIRSTB long trade idea setup (28/01/24)Greetings Folks,
today I have prepared a setup of
NSE:IDFCFIRSTB
on NSE
the analysis is as follows-
- The price is losing the bearish strength after looking at the current market structures
- good buying volumes took place in last trading day
- if the price breaks out the resistance zone marked in the chart, then we may expect bullish rally
don't play with fire, always use a predefined stoploss
IDFC FIRST BANK U TURN POSSIBLEIDFC FIRST BANK Might give a good swing and positional trade with minimum Stoploss and a decent target.
Entry after sustaining above 80.5- 81
Stop Loss at 78.5
targets at 85,87,90++
Note: if any trade or value has gone from the place we decided to enter then thats not our trade wait for it to come back or let it go
I am not sebi registered this is my personal view
IDFC FIRST BANK SUPPORThere are the strong support and resistance levels for IDFC First Bank (NSE: IDFCFIRSTB) as of today, January 24, 2024:
Support Levels:
81.40: This level has acted as support multiple times in the past and could hold again if the stock price falls further.
IDFC First Bank support level 81.40
78.35: This is a longer-term support level that coincides with the 50% Fibonacci retracement level of the rally from the March 2023 low to the August 2023 high.
72.00: This is a major psychological level and the 61.8% Fibonacci retracement level. A break below this level could signal further downside potential.
IDFCFIRSTB | Multiyear Breakout📊 DETAILS
Sector: Bank - Private
Mkt Cap: 61,975 cr
IDFC First Bank is engaged in the business of Banking Services. IDFC FIRST Bank was founded by the merger of Erstwhile IDFC Bank and Erstwhile Capital First on December 18, 2018.
TTM PE : 21.29 (Average PE)
Sector PE : 24.27
Beta : 1.07
📚 INSIGHTS
MC Insights PRO
Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators
12.91% away from 52 week high
Underperformer - IDFC First Bank up by 0.4% v/s NIFTY 50 up by 1.99% in last 1 month
📈 FINANCIALS
Piotroski Score of 7/9 indicates Strong Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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IDFCFIRSTB | Short Term Buy | Symmetrical triangle IDFCFIRSTB has been consolidating from sometime and it formed a symmetrical triangle.
1. Buy only above 89
2. Stop loss - 83
3. Target - 98
Disclaimer : I am not a SEBI registered and this is just my analysis and sharing for education only. Do trade or invest at your own risk. I am not responsible for any profits/losses. I would suggest do your own research/consider your financial advisor before any trade/investment decision.
