Idfcfirstbank
IDFC Bank The trend shows there will a correction before it moves forward. Before any big move there will be testing in the form of Doji candle which is marked as star. If note the first star in starting of 2021 the volume of shares is less than the moving average line. But the 2nd one which has recently formed have high volume i.e. volume above moving average. There will be another testing which will be given by big players before taking it further.
Please check with your SEBI registered broker before taking positions.
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 ::: BULLISHDATE: 11 MAY 2021
INSTRUMENT: IDFC FIRST BANK
TREND: BUY
TIME FRAME: DAY
CMP: 56.25
BUY ABOVE: 56.50
STOP LOSS: 54
TGT 01: 59
TGT 02: 62
DISCLAIMER:
We are not S E B I registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.