20/08/2023 IDFC First bank on monthly chart CUP pattern CMP: 88.95 Target :97-105-115 SL:82.5 Information is only for study purpose
The stock has given a breakout above its all time high of 86. The Monthly RSI moving past its previous peak of 70 also confirms strength in the stock price. No definite target for the stock, but if one is looking to invest in Banking Sector, this should ideally out-perform its peers. Bullish view remains intact as long as price survive 80!
Trend line breakdown target 2 % or above buy put at cmp happy trade...
idfc bank has been given a good rally, stock is facing resistance at upper level, it may enter in distribution face soon.
long term inverstment call 🧲🧲🧲🧲🧲🧲🧲🧲🧲🧲🧲 IDFCFIRST BANK BUYING RANGE - 83-85 STOPLOSS 80 TARGET 100/123/138/150/200++++
IDFCFIRST BANK Is Ready For a Short Term Breakouts
IDFC First Bank is moving in a zone and respecting the above resistance and below the trend line. Anytime soon a breakout on either side can be expected in this stock. Wait for the breakout and re-test of that and it will give a great move. The chances of breaking above is more due to the current market scenario. SL can be kept at the areas below the resistance...
IDFC FIRST BANK has broken out of trading range on One Month Time frame Chart. Break-out after 6 Years trading in a channel! Those who are holding can consider offloading 30 to 50 percent holdings to realize profit and hold the remaining to ride the up move!! Looking for exponential move on up side if this break-out sustains!!!
Buy around 67-67.7 stop loss 65.5 target 81-83 . Rally can extend to 100-120 over next 8-10 months. Disc : It's not an investment advise to buy or sell.
IDFC bank has given breakout above 68.5 after 7 years of consolidation. These breakouts are very very important in technical analysis. The next resistance is somewhere around 81. Both IDFC and IDFC bank has given a fantastic results therefore it is a worth of an investment. CMP - 69.85 (26/5/23) T - 81 W SL - 62 W
In the Weekly Chart of IDFCFIRSTB , we can see that, it has given 6 years breakout with Multiple Chart Pattern breakouts. Let it retest and the enter with SL.
The downward sloping trendline is broken on a monthly chart with a decent volume. Target : 70, 80
In weekly Timeframe IDFC can be seen having resistance @62-64 If it breaks the resistance then we can see good move upwards from 70-75-80 If it reverse from this then we will see bearish trend in IDFC to around 40 and below. Disclaimer: This is not a financial advise. The content is for educational purpose and it is my own personal views.
Have given a breakout after consolidating for four months since it hit its all time high
IdfIdfc NSE:IDFC Shorting on daily timeframe. Risk to reward ratio: 5.2 Never trade a short without a stoploss. *Not a financial advice. My charts speaks louder than words. I'm a chartist and I paint charts.
I have a strong feeling this time IDFC bank will go past the resistance near 63. I will double my position if we break the resistance successfully on day chart. Target is whooping 119-120 per share.
If blue trend line break then T1 T2 possible This post is for study only
Good set up for a run up on DTF, WTF...for a leg up to TP 70.-20% upside.