IDFCFIRSTB trade ideas
idfc first bank ltd idfc first bank ltd is a retails ,bank with good % of fiis investment approx. 24%. good growing in retalis banks . we can invest for long term pupose investment .
note : for educational only.
future price expecting more 200+ w+ith t6he respect of current financial status of the company . holding period is more than 1yrs .
IDFC First bank- ROUNDING BOTTOMIDFC First Bank- RB breakout and retracement done on monthly.. Trendline support done on monthly. Targets 93, 98 and 140.. Enter atleast after candle close abovce 88.75 on weekly closing basis. The stoploss is candle close below 88.75 after taking entry.
Note: This is for educational purpose only and not buy recommendation.
#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
#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
📈 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.
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.