IDFCFIRSTBANK_06.10.2024Last movement of IDFCFIRSTBANK with such pattern formation was from 40 rs to 100 rs.
Now stock is at 70 with similar pattern and similar retracement. I think this could be groundbreaking with positive new like amalgamation of IDFC FIRST BANK and IDFC LTD.
If all works out could my targets are 118.
Idfcfirstbank
IDFC BULLISHA Bullish Flag is a technical analysis pattern that suggests a potential continuation of a bullish trend. Here's a description of the Bullish Flag pattern in IDFC :
Pattern Description:
Flagpole: The stock price of IDFC has been in a strong uptrend, forming a flagpole (a sharp, almost vertical rise in price).
Consolidation: After the flagpole, the stock price has consolidated within a narrow range, forming a flag (a rectangular or triangular shape).
Upper and Lower Boundaries: The flag has upper and lower boundaries, which are roughly parallel to each other.
Breakout: The stock price is expected to break out above the upper boundary of the flag, continuing the bullish trend.
IDFCFIRSTBHi guys,
In this chart i Found a Demand Zone in IDFCFIRSTB CHART for Positional entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
IDFC FIRST BANK - Looks good but...WEEKLY OVERVIEW:
My Overview & Observation:
1. Bullish in W TF but D tf price structure is still bearish making LL-LH.
2. Confirmation is pending for reveal.
Trade Plan:
WE WAIT FOR BULLISH STRUCTURE FORMATION FOR ENTRY BECAUSE IN D TF PA IS BEARISH FOR NOW LET IT CHANGE TO HH-HL - ONLY AFTER THAT WILL PLAN FOR A LONG POSITION
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
Fundamental Picks - Stock PE < 20 (NIFTY BANK)📊 Script: BANKBARODA
⏱️ C.M.P 📑- 254
🎯 PE 🏆 - 6.98
📊 Script: FEDERALBNK
⏱️ C.M.P 📑- 159
🎯 PE 🏆 - 9.33
📊 Script: BANDHANBNK
⏱️ C.M.P 📑- 187
🎯 PE 🏆 - 10.12
📊 Script: SBIN
⏱️ C.M.P 📑- 817
🎯 PE 🏆 - 11.43
📊 Script: INDUSINDBK
⏱️ C.M.P 📑- 1410
🎯 PE 🏆 - 12.66
📊 Script: HDFCBANK
⏱️ C.M.P 📑- 1437
🎯 PE 🏆 - 16.07
📊 Script: IDFCFIRSTB
⏱️ C.M.P 📑- 76
🎯 PE 🏆 - 17.13
📊 Script: PNB
⏱️ C.M.P 📑- 123
🎯 PE 🏆 - 17.89
📊 Script: ICICIBANK
⏱️ C.M.P 📑- 1117
🎯 PE 🏆 - 18.44
📊 Script: KOTAKBANK
⏱️ C.M.P 📑- 1627
🎯 PE 🏆 - 18.49
Formula to calculate PE = MVP/EPS
MVP - Market Value Per Share (Stock Price)
EPS - Earning Per Share
Industry(NIFTYBANK) PE - 15.7
Always Compare Stock PE with Industry PE for Better Understanding.
LOWER THE PE MORE ATTRACTIVE THE COMPANY.
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
IDFCFIRSTBANK::Analysis 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 from this levels.
#IDFC MIDTERM SETUP (2ND POSSIBLE ENTRY)Greetings Folks,
today i have prepared a setup on IDFC on NSE
the setup is the sequel of the previously given setup
- we are here looking for a possible 2nd entry if possible
- the breakout was good, the price is retesting right now
- this chart is 4h , so it may take some time
dont play with fire, always use predefined stoploss
#IDFC MIDTERM LONG TRADE IDEA SETUP Greetings Folks,
today i have prepared a setup of IDFC on NSE
- To your attention this is a mid term focused chart, dont seek quick move from this
the analysis is as follows
- there is a range near the all time high which is a good sign that price wants to create another ATH
- i have mentioned 2 entry points in the chart
and have also marked the 50% of the range
dont play with fire , always use pre defined stoploss
#IDFC #IDFCLTD
IDFC First BankIDFC 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 and trendline zones.
Trade safe. Manage risk. Be profitable.
Please follow us for more simple trading analysis and setups. Also, let me know in the comment if you have any queries.
Disclaimer:- This is my view. Please analyze the charts yourself and then decide to take any trades.
IDFC First Bank breakout possibleIn 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.
IDFC First Bank - Price Action AnalysisThe trend started from jun 2022 still continuing with the bullish price action in Weekly TF.
Although Its visible that price soon enters into supply zone and also generated Bearish Cypher Harmonic Pattern with level of .786 at price 60.70.
Levels are already mentioned in to the chart.
Any rejection on upper side leads price to 50- 52.
so do accordingly.
If you have other opinion, please share your comment below and like & follow for upcoming great analysis.
Safe Trading ;)