IDFCFIRSTB Chart Analysis 27/02/2024
Long : 74 (75%) / 64 (25%)
Sl : On closing at 60 level down
Target : 100 / 145
Enjoy !
Note : You can see these trades to double your long-term investment profits according to the Elliott Wave and chart patterns.
IDFC First Bank is near its all time high and has show some strength when compared to other banking stocks. That said, it is at a crucial zone, and may go sideways or retrace a bit before breaking out of the ATH zone. But once it does, chances are it will gain strong momentum and keep going for some time as there is no obvious resistance zone! That is, it is...
Last time to enter in this strong fundamental stock
As you can see falling wedge pattern is created
Stock has given multi year breakout and is in the retest zone
The stock is been accumulating for last 3 months in the support zone
Smart money are accumulating this stock
For a long time
Sl 70 target 120 150 200
Falling wedge is a bullish pattern
Study this...
As a seasoned stock market wizard and dedicated blogger, I present an intriguing technical analysis of IDFC FIRST Bank (IDFCFIRSTB), a financial institution known for its robust performance and strategic growth.
In our current discussion, we will delve into the recent price action and potential entry points for investors seeking to capitalize on this promising...
Taking a short position on IDFC Bank, with a stop loss at 81.65 and a take profit level set at 72.55, reflects a carefully planned trading strategy based on technical analysis and risk management.
The decision to initiate a short position implies a bearish outlook on the stock. Traders employing this strategy anticipate a decline in the stock price and aim to...
Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels...
As per technical analysis and chart pattern, this stock is ready for a ride to the moon. All points are mentioned on the chart and you can plan your buy entry here.
Do your own research before entering into buy trade as I am not suggesting you to buy this stock and this is my personal analysis and opinion.
I am not SEBI fregistered
Thanks for your support as always
Technical Analysis:
In 1Day TF, we can see the contraction with low Volume
In recent days we can see institutional buying once target got hit.
Fundamentals:
Foreign Portfolio Investors 23.32%
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Major Shareholders
dfc Financial Holding Company Limited ...
Double bottom pattern was formed in Daily chart of IDFC FIRTS Bank, wait for the the Neckline breakout on closing basis (@above 89.5). upon confirmation of neckline breakout the next possible target's are at 96.
Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of...
After making a new high, Idfc first bank retraced around 50%. There is a postive hidden bullish divergence in weekly chart. With awap squeeze breakout price is expected to move up.
Idfc first bank flag and pole break out for positional and swing trades.
Buy above trend line with frst Target at
96-100 (for swing)
Around 150 for positional
