📌 IDFC FIRST BANK | 1D Idea – 7 Jun 2025
Bias: Bullish
CMP: ₹71.55
Market Structure
• Strong uptrend after breaking downtrend line; price respects 4H uptrend channel.
• Bullish breakout above recent consolidation; new support at ₹66–67 zone.
Levels
│ R1 ₹76.76 │ R2 ₹81.00
│ S1 ₹66.00 │ S2 ₹60.00
Trade Plan
🟢 Breakout Long → Entry on 1D close > ₹72.00
Targets ₹76.76 / ₹84.00 │ SL ₹66.50
🔴 Breakdown Short → Entry on 1D close < ₹65.80
Targets ₹62.00 / ₹60.00 │ SL ₹68.00
Notes
• Fresh momentum breakout above range; aligns with trendline confluence.
• Watch for volume confirmation above ₹72 to sustain rally.
Set alerts at ₹72.00 and ₹65.80; risk ≤ 1 % per trade.
#PriceAction #IDFCFIRSTBANK #1D
Bias: Bullish
CMP: ₹71.55
Market Structure
• Strong uptrend after breaking downtrend line; price respects 4H uptrend channel.
• Bullish breakout above recent consolidation; new support at ₹66–67 zone.
Levels
│ R1 ₹76.76 │ R2 ₹81.00
│ S1 ₹66.00 │ S2 ₹60.00
Trade Plan
🟢 Breakout Long → Entry on 1D close > ₹72.00
Targets ₹76.76 / ₹84.00 │ SL ₹66.50
🔴 Breakdown Short → Entry on 1D close < ₹65.80
Targets ₹62.00 / ₹60.00 │ SL ₹68.00
Notes
• Fresh momentum breakout above range; aligns with trendline confluence.
• Watch for volume confirmation above ₹72 to sustain rally.
Set alerts at ₹72.00 and ₹65.80; risk ≤ 1 % per trade.
#PriceAction #IDFCFIRSTBANK #1D
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.