IDFC FIRST BANKIn idfc first bank bullish flag pattern near to break out ..lets see if break out or not if not then stock may be go 80 or 75 .. end if break then 92,98 end ma be break all time high also.
IDFCFIRSTB trade ideas
#IDFC long trade idea setup (counter trend) 18/11/23Greetings Folks,
today I have prepared a setup of IDFC on NSE
the analysis is as follows-
- the price faced a sudden downfall due to the RBI negative news
- price broke down the trendline support and has swept all the liquidity from the trendline
swept the liquidity in easy language means sucking the power of trendline and now its baseless
- price has made a huge imbalance which needs to be covered quickly for efficient price action
- take profit is mentioned, don't be greedy as we are counter trend trading
don't play with fire, always use a predefined stoploss
IDFCFirst BUY you can buy this stock above 84 and keeps the SL as 80.50, its forming the base, please use the SL based stratergy
#IDFC LONG TRADE SETUPGreetings Folks,
today i have prepared a setup of IDFC on NSE
the analysis is as follows-
- The price made a steep 1 candle huge fall
- quick retracement is highly possible
- i am expecting a gap up tomorrow, above the resistance , have also marked the immediate next resistance
don't play with fire, always use a predefined stoploss
Idfc first bank Butterfly harmonic If 79 price level break then we can see technically 70 level .
79/80 zone is important support.
This analysis based on price action and harmonic.
IDFC first BankIDFC First Bank observed some correction, is it a change of trend ? No i don't see that yet for me it is taking support on trend line and shall change course back to upwards shortly post some rest here.
📈 Exciting Bullish Pattern Alert! 🐂📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Falling channel
📌 Symbol/Asset: IDFCFIRSTB
🔍 Description: Stock is going down in a channel. And its bounce from a support.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
IDFCFIRSTB, 1D forms Hammer on 21 EMANSE:IDFCFIRSTB formed Hammer on on Daily TF taking support on 21 ema. The stock is above 21 ema from past 6 months, and it bounces from 21 ema as it touches it.
Entry : 94.55
Target : 100.25/104.5
SL : 88.85
RR : 1/1.75
Trade-37/100-IDFC1ST-R:R Experiment-BuyBuying IDFC1ST BANK in DAILY positional trade
Good structure making HH-HL.
IDFCFIRST BEAR RISEIDFCFIRSTBANK CLOSING 93.45 BEAR RISING.
BEARISH REASONS.
1. Create a bearish move and upperside selling zone.
2. Near Support Break.
3. RSI is Below 60.
4. ADX shows a downside move and -DMI is rising.
5. Also, ADX on the weekly chart shows the reversal the ADX line is at 78.62 showing some correction.
6. Also, Volume is show the bearishness.
IDFC FIRST BANK - Retracement DONENSE:IDFCFIRSTB IDFCFIRSTB at important support level which is also 50% retracement from high. Can reach 60-65 by the end of this year.
IDFC FIRST BANK Volume breakoutHigh volume breakout Trading above 200MA - 150MA - 50MA.
High potential for upward movement.
Stop Loss can be ensured.
IDFCFIRSTBANK: Rs.100?FWB:NSE : IDFCFIRSTB
* Monthly volume of about 907 Mn average shows strong buying pressure.
* Technically on the buying side.
* Fundamentally banks have surplus funds to expand the business.
* One year return of about - 160% gain.
Disclaimer: For Education purposes only.
IDFC First Bank - Confluence of factorsMarkets are a bit soft - so putting on small position makes sense. However there is a huge confluence of factors for IDFC (including MSCI inclusion) - wait for markets to turn and this could be first out of the gate
Watch the video to see key reasons why - please feel free to post comments / diasagreements etc
Overall Market and Sector AnalysisOverall Market and Sector Analysis. Sector view and market view in this video.
IDFC FIRST BANK swingOn daily tf best entry would be retest...around 57-55.
59 can act as early support.
strong support zones 51-50 for swing
targets 64, 66, 73 respectively.
looks good if we can followif we follow the correct price movement we can get a good return
lets wait and see what happens
BREAKOUT, IDFC FIRST BANK - 75% RETURNSBUY - IDFC FIRST BANK
CMP - Rs. 77
Target - 1: Rs. 99
Target - 2: Rs. 117
Target - 3: Rs. 136
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Technicals - Cup and Handle Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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Follow me for more!
IDFC First Bank Shines with Excellent Q1 Performance.IDFC First Q1 Result.
Impressive performance across the board! Deposits up 44% YoY, Advances up 25% YoY, Profits up 61% YoY. Net NPA down to 0.7% (Which is very good indication). ROA at 1.24% vs 0.97% YoY. QoQ net income down -731 Cr. vs 816 Cr. in Q4FY23, but excluding a one-off income of 180-200 cr. from the last quarter, results are still better on a QoQ basis.
Why to Invest in IDFC first ?
They are many reasons to invest in IDFC Bank, but trading in this company seems risky and tricky right now. However, if you are someone who believes in the narrative that for India to grow, the banking sector would have to follow the same path, then undervalued and growing banks will benefit the most. Stocks like IDFC First Bank are more likely to double their Market Cap. So, if you are a long-term and serious investor like me, this analysis will help you.
Why to Avoid Trading ?
Now, let's discuss why trading this stock is currently considerably risky. The stock is trading near 200% of its support level, following a special channel pattern known as a big-length rectangle pattern, which makes it riskier from a trading perspective.
How to Invest ?
We plan to take a longer position in this stock. As visible from the chart, the stock has tested its resistance on a weekly timeframe. As, we all know Q1 results are out, Earnings have been impressive, indicating a potential strong breakout with good volume. If that happens, we'll invest half of our money and wait for a retracement before putting in the rest. But, if the stock falls instead of breaking out, it'll be a great opportunity to invest, and in that case, we'll wait for a consolidation.
Note- I am not a SEBI registered, Please consult to your Advisor before investing.
IDFC First Bank - Long Setup, Move is ON...#IDFCFIRSTB trading above Resistance of 83
Next Resistance is at 103
Support is at 61
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
IDFC FIRST Bank ascending channel range breakoutIDFC FIRST Bank daily chart ascending channel range breakout attempt, once the channel is broken out trade should be initiated in this scrip, buy recommendations is only given at 85 for the target of 90-92 place strict SL at 80.
