IDFC FIRST BANK : BUY ?IDFC FIRST BANK : Can you buy ? or consider with IDFC Merger . we can get some gift.
IDFCFIRSTB trade ideas
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.
IDFC First Bank Ltd. IDFC First Bank Ltd
IDFC FIRST Bank is an Indian private sector bank formed by the merger of the banking arm of Infrastructure Development Finance Company and Capital First, an Indian non-bank financial institution.
3 year CAGR growth
Revenue 14.8%
NetProfit %
OperatingProfit 36.4%
IDFCBK Week chart Above 91 its good to buy fresh buyer
Now its moving trend channel tonwards
support 80
IDFCFIRST BANK 12% upside possible in Next 30 trading sessionsIDFCFIRST BANK 12% upside possible in Next 30 trading sessions.
Band Shift visible on Daily charts....
Happy Investing.
IDFCFIRSTB, cmp 86.81. Multiyear breakout
2. Double bottom at support
3. Retest of support.
4. Do your research.
IDFC first support zoneStock repeatedly taking support in green zone. expected resistance levels marked. above 100 big breakout can be expected.
IDFC First BankThe Stock has given a beautiful breakout and is about to retest it levels and give a good confirmation to enter in this stock, targets are huge as per my analysis. Targets are 100,124,145 respectively
Only for Educational Purpose
Do your own research
BULLISH REVERSAL in IDFC FIRST BANKA good fundamental stock and obviously at a discounted price. im excepting a good move in banking and fin sectors, seems like a big news positive or negative might come soon. maybe by monday. im bullish on IDFC
IDFCFIRST- 8kafunda 100 G 200IDFCFIRST- 8kafunda 100 G 200
1) consolidation
2) Most likely go Down
3) But in case it jumps, can give good profits, SL given in chart
4) Green line is Sttrong Support Zone.
IDFC FIRST BANK - LONG TERMBUY @ 88.45 RS
TARGET @ 140.85 RS
BUYING CONFIRMATIONS: Rounding bottom breakout in a monthly timeframe
Expected returns are around 59.00 %
idfc first bank bullish wedge / flag pattern. narrow range in daily chart
. bullish wedge / flag pattern
. 2nd time R1 break down
IDFC FIRST bullish wedge .Narrow range in daily chart pattern
.2nd time R1 break out done
. May go to reach previous resistance
IDFCFIRSTBank at BoS and taken Fibonacci Golden Zone as supportReasons for bullish reasons on #IDFCFIRSTBank
1. Break of Structure
2.Taken Support at Fibonacci Golden Zone
3.Volume increase after a contraction
