IDFC FIRST Bank Technical IDFC First Bank
Now Trade @ 38.50 support Price
If break out below this level it will come
Around @ 33 (Next Support)
Idfcfirstb_predication
IDFC BANK 1:3 Risk REWARD (High Probability Trade)Hello traders, There's no off day for traders these days are just an opportunity to find good high probability trades that can bestow some green profits upon us when the market opens.
So I have found or rather someone found IDFCFIRSTB for a good Risk reward ratio trade and I analysed the same and found it pretty good. A ratio of 1:3 is more than good.
So IDFCFIRSTB broke its triangle pattern and also have retested it and now taking support near CMP, it has shown tremendous upsides in the past whenever it gave a breakout so I am expecting the same this time again.
Buy near:- 50 - 51
Targets mentioned above in the chart with more details and all the info required for the trade.
It looks good for Options & Futures also.
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
IDFC first bank ( Time to Rise)Idfc first bank gave a beautiful long breakout on 23 april and consolidating after that in a range, We can initiate buy at 53.80 or above 55.55 for a good target
Follow for more
Go long on IDFC First BankAfter a long time day candle has closed above the 50 DMA. Sentimental RSI indicator is also green .This looks bullish set up. I would keep a stoploss near 39.50 - 40. My near term target would be 50.
Happy Trading and Investing!!!
