Buy Entry @ 83
Target @ 93
Stop Loss @ 79
Risk / Reward Ratio RR 3
Note: Please leave comments for any query.
Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.
Best of luck..
Shakthi
IDFC FIRST BANK has formed falling wedges and a bullish flag and pole pattern.
Today it has broken out again after the retest, taking support from the support trendline.
One can initiate a long position in this counter with mentioned:
Entry, stop loss & Targets.
Hi Guys, It looks like IDFC FIRST has given a breakout from a Falling wedge, everyone will thought that it will directly hit Rs 100, but it will be not like what others think. There is a resistance on 89-90 Which might become the reason that IDFC will again trade around Rs 80.
What a person who bought around 85 can do..? He can hold and wait till it breaks Rs 90...
#Idfcfirstbank is ready for strong rally . It is going to show a very phenomenon growth in next few quarter like tata motors has given in past few years . So keep your eyes on it .
Long Term - Needs push - IDFC is suggested alot by many youtubers so fundamentally might be strong - and technials say also that a big move will be anticipated given,
As of 15th September,2023 the stock is currently at Rs 94.55 - Rs 95 levels with potential breakout possibilities due to macroeconomics and other reasons.
The stock seems to be in buy zone around the price range 95 to 100,102.
With a strong resistance around the price of 85 - 86 levels which can be considered as an avg down opportunity.
Also, another...
IDFC First Bank is in the great position for long. If it close over the trendline in daily basis it would easily give us a target of 120 with minimal risk.
important horizontal resistance and trendline has been crossed which has confirmed the BO. To be doubly sure, can wait for it to stay above 84 on friday. Can be a upmove counter!
1) All time high @ 100.85
2) Range 93.55 to 96 seems to be strong selling zone with small support(acting resistance) range 86.65 to 87.95
3) Strong resistance range 81.42 to 82.55 since all time high in 2016 and breaks the level in 2023
4) Hammer of 4.5% forms in weekly frame taking long position with target of +3 points in coming week
Expectation : - If target of...
IDFCFIRSTB Possible Breakout.
CAUTION : Only Enter after if the weekly candle closes above 86 with good volume.
T1 - 100
T2 110
This is not an Investment idea Kindly do ur analysis and trade accordingly.
IDFC FIRST BANK
We are in retesting phase of the HEAD AND SHOULDER breakout and in my view we also are in 4th wave of the retracement. If all fundamental are intact then we can expect it to double your capital in medium to long term.
Don't forget to like share comment. please.
Regards
breakout has been done in idfc bank
now flag pattern making
The flag pattern occurs when a trending price pauses and goes back over slightly in a rectangular range.
This pattern allows us to enter the market in the middle of a trend.
The break out in price continues its original strong trend, giving us the chance to enter that trend at a better price than...
Price is continuously falling,
facing the resistance from the trendline as well.
A drop is detected in the stock from 90 levels,
now price is in consolidation, we have a drop base drop indicating a potential bearishness in this stock.
Indicating a support at 75-72 levels zone.
back to back demand zones is lies below this support levels, keep in long side...
