Multiyear Breakout MULTIYEAR BREAKOUT ALERT
IDFC FIRST BANK🚀🚀🚀 #idfcfirstb
TARGETS - 100 , 130
- breakout of huge rounding bottom
- currently in retesting almost done
- breakout of descending channel on daily tf
8 year old breakout
Note-
Please consult your financial advisor before investing
we are not SEBI REGISTERD
All research for educational purpose only.
IDFCFIRSTB trade ideas
IDFC FIRST BANK - LOW RISK HIGH REWARD ENTRY !!IDFC first Bank seems to be in its significant third wave, and it appears that it has finished its fourth minor wave of wave three. Additionally, it has formed a recognizable ABC decline, which concluded with a classic panic selling and an equally dramatic upside pullback, typically occurring at the end of wave C. How can we approach trading this situation?
Considering the current levels, it seems to be a favorable purchase with a stop loss below 70. We can anticipate a minimum target of 113, providing us with a highly favorable risk to reward ratio of 1:4.5.
Note: I refrain from conducting intricate wave counts as it can be overwhelming for numerous readers and to ensure simplicity.
Disclaimer: Please note that the information presented in this analysis is intended for educational purposes only. It is highly recommended to seek advice from a financial advisor before making any investment decisions. I cannot be held accountable for any financial losses that may arise
AMAZING opportunity at IDFC First Bank Idfc first bank currently trading at 77.80 is attractively placed for anyone looking to invest in banking stocks. With economic cycle turning around and interest rate cut right around the corner, one might also look at this as a swing trading opportunity. However there are some downside risks namely 1.Delay in rate cut due to any no. of reasons 2. Unfavourable monsoon 3. Global geopolitical scenario 4. Underperformance of current coalition government
IDFCFIRSTB - SIDEWAYS - waiting for trend reversal.Hi guys. IDFC FIRST BANK is in sideways. though it was in downtrend, it has reached the correction level of 61.8% in Fibonacci levels and waiting for trend reversal. The price is travelling in between major support and resistance zones. If the price close above 86 we can go for buy and fix target at 95. if the price breaks the support zone and close below 75 the sell trend starts, and target can be set at 65.
IDFCFIRST - short for 8%price is at the edge of breakdown
1. 50 day EMA crossed 200 day EMA downward
2. price rejected from 200 day EMA and aslo horizontal trendline
3.price breached 18 day EMA downwards with huge volume and was followed by bearish inside bar
4.today candle breached 50 day EMA (last EMA support ).however volumes was not convincing
target and SL marked
IDFC FIRST BANK 📉 📉 Next weekly closing if sustains below the white line could possibly trigger a downward momentum 📉 📉 to 69.94 within ( 24th June 2024)
If 69.94 breaks then below levels could test marked on the chart
59.28 -- 61.34 could be an ideal levels for a bounce 📈 📈 within (July -- Aug)
Disclaimer:
Its a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
IDFC FIRST BANK (Psychology Analysis) Date 10th April 2024
Time: 3:30
IDFC FIRST BANK was in a correction from last year's Sept.
After showing full correction Wave At the end of March it Gap Down and from 1st Day of April it Started moving up seems like its short covering .
But More Confirmation for going long is on 8th April IDFC Gap Up and Going upside continuously.
and finally, today it breaks Out from Resistance Line and give closing above it.
Round figure Price level 80 is Strong Support with SL of 81 We can Long IDFC FIRST BANK.
Target ATH Price with 1:5 Risk Reward.
Thank You!
#IDFCFIRSTBout from pervious trend or you can say wedge. This is downward wedge which is broken upward.
no more want to describe more. check once with your strategy. Yeah I can share that this stock is short listed by daily analysis on (willams % R Length 100), condition is, in daily time frame it should be less than -50 & grater than -80.
This correction is an opportunity to buyIDFC First Bank CMP 80.50
The counter is down 5 % today, which is the quarterly results impact. Technically this stock is exhibiting strength. The correction to 75 was 38.2% from a higher swing an indication of strength. Hence todays correction is a buying opportunity. T1 is 112 T2 -135
Technical Analysis for IDFC First BankChart Pattern: Flag and Pole
Entry Activated: Buy at Current Market Price (CMP) ₹84.80
Stop Loss (SL): ₹73.50 for risk management
Targets:
Target 1: ₹120
Breakeven: ₹100
Monitor price action and adjust stop loss to breakeven as the trade progresses. Evaluate for potential target achievements based on the chart pattern.
#IDFCFirst #TechnicalAnalysis #FlagAndPole #StockMarket #TradingStrategy #StopLoss #Breakeven