Idfcfirst buy 84 Sl 76 TGT 99Idfcfirst bank continue in range. Today break 84 plus trade. Now TGT 99 SL 76
IDFCFIRSTB trade ideas
Falling wedges and Flag and Pole Breakout in #IDFCFIRSTBIDFC FIRST BANK has formed falling wedges and a bullish flag and pole pattern.
Today it has broken out again after the retest, taking support from the support trendline.
One can initiate a long position in this counter with mentioned:
Entry, stop loss & Targets.
IDFC FIRST WILL HIT 100/SHARE?🤫Hi Guys, It looks like IDFC FIRST has given a breakout from a Falling wedge, everyone will thought that it will directly hit Rs 100, but it will be not like what others think. There is a resistance on 89-90 Which might become the reason that IDFC will again trade around Rs 80.
What a person who bought around 85 can do..? He can hold and wait till it breaks Rs 90 my personal view is to HOLD & ADD more shares on pull back.(not any recommendations). The reason is (1) Break out from falling wedge (2) the high chances of golden cross becoz price is above 50MA and about to break 200MA so 50MA will move upward and cut 200MA.
Idfc firstb ank#Idfcfirstbank is ready for strong rally . It is going to show a very phenomenon growth in next few quarter like tata motors has given in past few years . So keep your eyes on it .
IDFC - 1 Year view Long Term - Needs push - IDFC is suggested alot by many youtubers so fundamentally might be strong - and technials say also that a big move will be anticipated given,
IDFC First Bank is in the great position for longIDFC First Bank is in the great position for long. If it close over the trendline in daily basis it would easily give us a target of 120 with minimal risk.
IDFC First: First choice?important horizontal resistance and trendline has been crossed which has confirmed the BO. To be doubly sure, can wait for it to stay above 84 on friday. Can be a upmove counter!
Analysis of IDFC FIRST BANK idfc first bank elliot wave analysis this stock complete .
this stock target 100
Hammer candle on weekly frame1) All time high @ 100.85
2) Range 93.55 to 96 seems to be strong selling zone with small support(acting resistance) range 86.65 to 87.95
3) Strong resistance range 81.42 to 82.55 since all time high in 2016 and breaks the level in 2023
4) Hammer of 4.5% forms in weekly frame taking long position with target of +3 points in coming week
Expectation : - If target of 3 points are achieved, we can expect further movement for range 86.65 to 87.95 range near (acting resistance)
** logic : with target being hit, price also breaks the current resistance, fi momentum persists we can see movement forming another swing so that trend can be formed **
IDFCFIRSTB - Possible BreakoutIDFCFIRSTB Possible Breakout.
CAUTION : Only Enter after if the weekly candle closes above 86 with good volume.
T1 - 100
T2 110
This is not an Investment idea Kindly do ur analysis and trade accordingly.
IDFC First Bank Positional3-2-2024
Buy IDFC First Bank above 94.90
for the Target of 133.85 & 211.70
SL 65
Strategy : Breakout & Retest + EMA above 20 & 50
Duration few Weeks
IDFC FIRST BANKIDFC FIRST BANK
We are in retesting phase of the HEAD AND SHOULDER breakout and in my view we also are in 4th wave of the retracement. If all fundamental are intact then we can expect it to double your capital in medium to long term.
Don't forget to like share comment. please.
Regards
long term invest idfc bankbreakout has been done in idfc bank
now flag pattern making
The flag pattern occurs when a trending price pauses and goes back over slightly in a rectangular range.
This pattern allows us to enter the market in the middle of a trend.
The break out in price continues its original strong trend, giving us the chance to enter that trend at a better price than before the flag's formation.
How To Identify Bullish Flag Patterns?
The chart below is an illustration of the bullish flag chart pattern.
Bullish Flag Chart Pattern
The price experiences a strong uptrend. Then it stabilizes into a rectangular range that slopes downwards.
Then there is a break out of that range, and the uptrend continues.
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.
IDFCFIRSTBIDFCFIRSTB Chart Analysis 27/02/2024
Long : 74 (75%) / 64 (25%)
Sl : On closing at 60 level down
Target : 100 / 145
Enjoy !
Note : You can see these trades to double your long-term investment profits according to the Elliott Wave and chart patterns.
IDFC Bank near All Time HighIDFC First Bank is near its all time high and has show some strength when compared to other banking stocks. That said, it is at a crucial zone, and may go sideways or retrace a bit before breaking out of the ATH zone. But once it does, chances are it will gain strong momentum and keep going for some time as there is no obvious resistance zone! That is, it is still very important that we keep a tight Stoploss and then trail our profits using ATR, moving averages or any such trend following indicator.
Long in idfc first bankLast time to enter in this strong fundamental stock
As you can see falling wedge pattern is created
Stock has given multi year breakout and is in the retest zone
The stock is been accumulating for last 3 months in the support zone
Smart money are accumulating this stock
For a long time
Sl 70 target 120 150 200
Falling wedge is a bullish pattern
Study this stock and movement for educational purpose
I'm not a financial advisor nor sebi registered
Please take financial advice from your advisor then only take entry accordingly
Unlocking Opportunities in IDFC First Bank: A Technical AnalysisAs a seasoned stock market wizard and dedicated blogger, I present an intriguing technical analysis of IDFC FIRST Bank (IDFCFIRSTB), a financial institution known for its robust performance and strategic growth.
In our current discussion, we will delve into the recent price action and potential entry points for investors seeking to capitalize on this promising opportunity.
At the moment, IDFCFIRSTB trades around Rs. 83 per share. Our attention is drawn to two significant lines on the chart:
Resistance Trendline:
This line, visible over the past three months, has repeatedly thwarted attempts by the stock price to breach it.
Green Support Horizontal Line:
Stable since approximately six months ago, this line provides a solid foundation for the stock price.
Despite these barriers, there exists a unique confluence of factors that could signal a shift in the stock's trajectory. Specifically, the intersection of the Fibonacci 0.5 retracement level and the long-awaited resistance line coincides at the price point of Rs. 85, forming what traders refer to as a "cluster".
Additionally, if the today daily candlestick closes near the 0.382 Fibonacci level, this would indicate a possible reversal and provide further evidence supporting an entry position.
Furthermore, the Relative Strength Index (RSI)—a popular indicator used to measure the strength or weakness of a security—has recently crossed above the resistance line after spending some time in the oversold territory. This indicates that buyers have regained control of the stock, potentially setting the stage for continued upward movement.
In conclusion, while no investment strategy is foolproof, the combination of technical indicators discussed herein suggests that IDFC FIRST Bank presents a compelling opportunity for those willing to take calculated risks. However, always remember to conduct thorough research before making any investment decisions, and never invest more than you can afford to lose. Happy investing!
Idfc first long target 100idfc first bank elliot wave analysis weekly chart current time 4th wave complete and start 5 th wave
idfc first bank longIdfc first bank elliot wave analysis . this stock complete daily time wave A,b or C . target all time high
IDFC bank short following the trendTaking a short position on IDFC Bank, with a stop loss at 81.65 and a take profit level set at 72.55, reflects a carefully planned trading strategy based on technical analysis and risk management.
The decision to initiate a short position implies a bearish outlook on the stock. Traders employing this strategy anticipate a decline in the stock price and aim to profit from the potential downward movement.
Setting a stop loss at 81.65 is a risk management measure designed to limit potential losses. If the stock were to move against the short position and reach or exceed this level, the position would be automatically closed to prevent further losses. This helps traders control their risk and adhere to predefined risk tolerance levels.
On the other hand, the take profit level at 72.55 indicates a target price where the trader aims to secure profits by covering the short position. This level represents a point where the trader believes the stock will experience a significant decline, providing an opportunity to exit the position with gains.
It's crucial for traders to monitor the market closely for any signs of changing conditions that might impact the stock's movement. Factors such as market news, financial reports, or broader economic indicators can influence the stock's behavior.
Additionally, given the dynamic nature of the market, traders should stay vigilant and be prepared to adjust their strategy based on new information. Regularly reassessing the trade and considering potential adjustments to stop loss or take profit levels is advisable to align with evolving market conditions.
For educational purpose only.
