IDFC First bank ReversalIDFC first bank is getting ready to change its short term trend towards upside. looks like poised for a medium term target of previous highs.
IDFCFIRSTB trade ideas
Long It's my personal opinion that ,this stock is going to touch 147-150 very soon , once it breaks level of 90 I see it as buy on dip opportunity chart is saying that. It is moving in channel right now any news might explode this stock
This all is my personal view on this , and no advice for financial decision , your money your decision
For educational purpose only
Technical Analysis of IDFC First Bank Ltd (IDFCFIRSTB)Technical Analysis of IDFC First Bank Ltd (IDFCFIRSTB)
Key Observations from the Chart
Price Action: The stock price appears to be consolidating after a recent uptrend. There is a potential support level at around 74.43 and a resistance level near 75.54.
Moving Averages: The 200-day EMA (Exponential Moving Average) is above the current price, suggesting a potential bearish bias. However, a break above this EMA could signal a bullish trend reversal.
Fibonacci Retracement Levels: The price is currently near the 0.236 Fibonacci retracement level, which could provide support. A break below this level could indicate further downside.
Relative Strength Index (RSI): The RSI is around 50, indicating a neutral market sentiment. A reading below 30 could suggest oversold conditions, while a reading above 70 could indicate overbought conditions.
Potential Trading Strategies
1. Range Trading: Given the current consolidation, a range trading strategy could be considered. Buy near the support level (around 74.43) and sell near the resistance level (around 75.54).
2. Breakout Strategy: If the price breaks above the 200-day EMA or the resistance level, a bullish breakout could occur. A buy order could be placed above the breakout level.
3. Pullback Strategy: If the price pulls back to the 0.236 Fibonacci retracement level or the support level, a potential buying opportunity could arise.
Additional Considerations
Fundamental Analysis: While technical analysis provides insights into price movements, it's essential to consider fundamental factors such as the bank's financial health, industry trends, and economic conditions.
Risk Management: Always implement risk management strategies, such as stop-loss orders, to protect your capital.
Note: This analysis is based on the information available in the chart. Market conditions can change rapidly, and it's crucial to stay updated with the latest news and developments.
Disclaimer: This analysis is based on the Technical Analysis of the stock chart and is for informational purposes only. It does not constitute financial advice. Always consult with a financial advisor before making investment decisions. I am not SEBI registered person and this is my personal opinion about the stock. Do your own research. We are not responsible for your loss.
Thanks for your support as always
IDFC FIRST BANK LTDIDFC FIRST BANK LTD
Long-term view!
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Consolidation from 6 to 7 months.
Bullish Divergence form in Day TF.
Near BB Support level at weekly TF.
If it closes above 80 on the day-closing basis (Add more Quantity)
R1 -79
R2 -82
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SL 70
Deep SL 67 on a closing basis.
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This is Kartik Thakur,
Signing off
:)
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 Target 100 ??Idfc first bank elliot wave analysis one hour chart . This stock complete downside impulse wave and price break upside 2 or 4 trendline . this stock indicate bullish sound and stoploss use impulse wave
IDFC First Bank Elliot Wave AnalysisElliot first wave: Starting point 17.65 Endpoint 69.30
Elliot second wave: Starting point 69.30 Endpoint 28.95 Retraced 78.9%
Elliot third wave: Starting point 69.30 Endpoint 94.60 Projected 1.27%
Elliot fourth wave: Starting point 94.60 Endpoint Not yet formed
Usually, the 4th wave should retrace 38.2% and continue with an upward trend.
If you check closely the RSI on the weekly timeframe, it does not decline compared to the price. This price is a sign of bullishness.
One can trade for risk a reward ratio of more than 4.
idfc bank is good support market move then stock move up side now support zone market move then stock move all time high good stock for long turm
IDFC first bank breakout alertAfter long consolidation in a range bound.forming pole and flag pattern. Now breakout in the stock is near.can make a long position.
Buy level 84.5-86.5.
Sl 70
Target 120
IDFC First bank - Flag Pole Tgt: 108~118Technical confirmation done. Fundamental push required to reach target
Pole and flag pattern on daily time frameIDFC FIRST BANK made a flag and pole pattern on daily time frame. price already break the trend line and coming for retest level. if its break the 84 level in upcoming treading day than its gave a 10 to 15 % in short term. keep watch this stock in your watchlist.
#Idfc first bank swing trade As you can see in chat a clear picture of bull flag pattan as long Consolation in channel after brake out it will reach to all time high with small Stop-loss we can plan for long 1 to 2 weeks for 15 to 17 percent return
IDFC First Bank Potential Weekly Breakout (Positional Trade)Buy around 83-87 price range
Target 1 - 110
Target 2 - 140
Stop loss - 70.98
A long term trade could take a lot of time before it hits its target.
IDFC FIRST BANKThis stock is in down trend since September 2023 after touching its life time peak of 100
as on 9-May-2024, the stock is trading @ 76.5 and in over-sold region . Immediate supports are seen @ 75 if this level is breached then the stock goes to 70.9 and 64.2 levels in near short term
I strongly feel that the stock will take a reverse trend from 75 levels and reach to immediate resistance of 82.65 and next targets are 86.15, 89.8 and 92.85
accumulation zone above 75 and time period expected 4-6 months to reach the targets
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
idfc first bank chart analysisIdfc first bank chart analysis on daily time frame. Please share your valuable inputs.
Idfc first bank LongElliott Wave analysis is a technical analysis method used to forecast market trends by identifying extremes in investor psychology, highs and lows in prices, and other collective factors. It is often used for stocks, forex, and other financial instruments.
To perform an Elliott Wave analysis on IDFC First Bank on a daily time period, you need to follow these steps:
Data Collection: Gather daily price data for IDFC First Bank. This includes open, high, low, and close prices.
Chart Preparation: Plot the daily price data on a chart.
Wave Identification: Identify the waves according to Elliott Wave principles:
Impulse Waves: These are the main movement waves, consisting of five waves (labeled 1, 2, 3, 4, 5).
Corrective Waves: These are the counter-trend waves, consisting of three waves (labeled A, B, C).
Wave Rules: Apply Elliott Wave rules to validate the wave counts:
Wave 2 cannot retrace more than 100% of Wave 1.
Wave 3 cannot be the shortest of Waves 1, 3, and 5.
Wave 4 cannot overlap Wave 1 in impulse waves.
Projections and Extensions: Use Fibonacci ratios to project the lengths of the waves.
Let's begin by plotting the daily price data of IDFC First Bank. If you have the data ready, you can upload it. Otherwise, I can use sample data to demonstrate the analysis.
Do you have the data file to upload, or should I proceed with a general explanation and example?
IDFCFirstB_11.06.2024Retracement completed well. Looking for a spike soon with volumes. Great chance for short term traders with small risk.
IDFC FIRST BANK 1MINVERTED HEAD AND SHOULDERS PARTTEN IS OBSERVED.
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I Am Not SEBI Registered Analyst. All Post and Levels Posting is only for educational and knowledge purpose. I Am not responsible for your any kind of loss or profit.
No Claim, All Rights Reserved.‼️
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 can be averaged in this range again. Looks decent to buy till the stop loss. This stock is in good support region. Those who missed the rally of this stock can try here. For existing users we can avg buy here.
IDFCFIRSTBBuy Entry @ 83
Target @ 93
Stop Loss @ 79
Risk / Reward Ratio RR 3
Note: Please leave comments for any query.
Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.
Best of luck..
Shakthi
