IDFC First BankPut this Bank's Swing Trade in your Watchlist Guys!
It's Price has a Significant potential to Hit Century again ;)
IDFCFIRSTB trade ideas
IDFC FIRST BANK S/R for 29/1/24Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities.
Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities.
Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level.
Keltner Channel:
The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions.
Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend.
Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend.
IDFC First Bank - Ready for Bull RallyAs per technical analysis and chart pattern, this stock is ready for a ride to the moon. All points are mentioned on the chart and you can plan your buy entry here.
Do your own research before entering into buy trade as I am not suggesting you to buy this stock and this is my personal analysis and opinion.
I am not SEBI fregistered
Thanks for your support as always
IDFC First Bank IDFC First Bank (1D)
CMP 82.85
Created a Flag & Pole Pattern
Trying to give breakout of it
Breakout awaited
Swing Trade in IDFC FIRST BANKTechnical Analysis:
In 1Day TF, we can see the contraction with low Volume
In recent days we can see institutional buying once target got hit.
Fundamentals:
Foreign Portfolio Investors 23.32%
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Major Shareholders
dfc Financial Holding Company Limited 37.51%
Odyssey 44 A S 3.83%
President Of India 3.71%
Cloverdell Investment Ltd 2.74%
Goldman Sachs Trust Ii - Goldman Sachs Gqg Partner 1.88%
Icici Prudential Life Insurance Company Limited 1.39%
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Annual 2023 2022 2021
Sales (Cr) 27,194.51 20,394.72 18,221.56
Net Income (Cr) 2,437.13 145.49 452.28
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EPS Growth Rate 16%
Earnings Stability 99
P/E Ratio 19
5-Year P/E Range 16-230
Return on Equity 10%
Cash Flow (INR) 5.44
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Estimates
Idfc First Bank has been covered by 5 analysts in the last 6 months. Their average twelve-month price target is Rs. 94.18, suggesting that the stock has a possible upside of 6.48%. The high price target for Idfc First Bank is Rs. 101.9 and the low price target is Rs. 85. There are currently 1 Buy rating, 3 Hold ratings, 1 Sell rating.
BankIDFC AT support after making a new high since its ipo. consolidating here to make a move higher, technicalls looking good.
Double Bottom In IDFCFIRST BankDouble bottom pattern was formed in Daily chart of IDFC FIRTS Bank, wait for the the Neckline breakout on closing basis (@above 89.5). upon confirmation of neckline breakout the next possible target's are at 96.
Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance
IDFC FIRST BANK WEEKLY CHARTAfter making a new high, Idfc first bank retraced around 50%. There is a postive hidden bullish divergence in weekly chart. With awap squeeze breakout price is expected to move up.
IDFCFIRSTB FLAG AND POLEIdfc first bank flag and pole break out for positional and swing trades.
Buy above trend line with frst Target at
96-100 (for swing)
Around 150 for positional
IDFCFIRSTBNSE:IDFCFIRSTB
Long term buy can buy on deep
Support Place at 86
Sl- 80
Rsi>53
Volume is also good
Moving Ave is supporting Buy
Long term(1 year ) Target- 112
IDFC BANK Analysis I am IDFC Bank in weekly Timeframe. My minimum Target is 1:1 and after using trailing Stoploss.
IDFCFIRSTBANK Q2 Result view cmp 83.10support at 75.60 - 78.90
resistance 90.30 - 92.80
Q2 Result view - can move up 8% - 10% cmp 83.1
IDFCFIRSTBChart looks very positive, it broke major resistance in the monthly chart and retested the support line and moving towards north,
it is a good risk to reward stock, it can be a investment or positional trade call.
wait for the stock to cool down little bit and buy accordingly for big returns vs limited risk.
idfcirstb looking goodchart make an w pattern . price near breakout ,volume are continue increasing,
BreakoutBy analyzing technically,
I able to know that there is a breakout of resistance and also a decending triangle pattern that also breaks.
Target will be 93, 99
Sl 86
Idfc first bank Idfc first bank is breaking is monthly triangle pattern and also good stocks for long term at this leval very good risk reward ratio for buy
IDFC first bankThis stock is at all time high. Wait for some good upmove candle or momentum to confirm the uptrend. It may also go sideways or retrace
Most prolly this time it may break and move towards ath
Anyways We will be doing a swing trade if it gives breakout
Entry - 85.60
Sl - 81.80
Tgt - 92
Timeframe - Swing Trade ( 10-15 days )
-- DISCLAIMER --
I am not a financial advisor or SEBI registered.
This is just a view.
Please DO YOUR OWN RESEARCH before investing in any stock.
Happy trading.
Peace.
IDFC FIRST BANK: TRADING NEAR SUPPRTIDFC FIRST BANK: Retested and moving up now.
I think it is good time to add it in portfolio
IDFC FIRST BANKStock formation lower low, lower high
20 & 50 DEMA Break
Lower time trend is Bearish
100 DEMA dynamic support for long.
MACD Bearish crossover
RSI Bearish
Disclaimer this is my personal view for education purpose only.
No Buy sell recommendations
Title: Long-Term Investment Opportunity in IDFC FIRST BankOverview:
IDFC FIRST Bank is a leading private sector bank in India, offering a range of financial services including retail and wholesale banking. This trading idea explores a long-term investment opportunity in IDFC FIRST Bank based on fundamental analysis.
Fundamental Analysis:
Strong Leadership: Examine the bank's management team and their track record in the banking and financial industry. Strong leadership can drive the bank's strategic initiatives and growth.
Asset Quality: Assess the bank's asset quality by reviewing its non-performing asset (NPA) ratios and provisioning. A declining NPA ratio and prudent provisioning are positive signs.
Loan Portfolio: Analyze the bank's loan portfolio diversification, including exposure to various sectors such as retail, corporate, and SMEs. A well-diversified loan book can mitigate risks.
Net Interest Margin (NIM): Evaluate the NIM, which indicates the bank's profitability from its core lending and borrowing activities. A stable or improving NIM can be a positive indicator.
Deposit Growth: Look at the growth rate of customer deposits. A bank's ability to attract and retain deposits is crucial for its funding base.
Capital Adequacy: Check the bank's capital adequacy ratio (CAR) to ensure it meets regulatory requirements. A strong CAR provides a buffer against unexpected losses.
Earnings Growth: Examine the bank's historical earnings growth and its ability to generate sustainable profits. Consider factors such as interest rate spreads and fee income.
Digital Transformation: Investigate the bank's efforts in digital transformation and its ability to adapt to changing customer preferences. The adoption of digital banking can drive growth.
Regulatory Compliance: Ensure that the bank complies with all regulatory requirements, including those related to capital adequacy, asset quality, and governance.
2023 Outlook:
Monitor the bank's quarterly financial results and any significant announcements related to mergers, acquisitions, or changes in leadership. Keep an eye on macroeconomic factors that can impact the banking sector in India.
Risks:
Economic Factors: Economic downturns or recessions can impact loan quality and profitability.
Regulatory Changes: Changes in banking regulations can affect the bank's operations.
Competition: The Indian banking sector is highly competitive, which can affect the bank's market share and pricing power.
Conclusion:
IDFC FIRST Bank (NSE: IDFCFIRSTB) presents a long-term investment opportunity based on its fundamental strengths, asset quality, and growth potential. Conduct comprehensive research, stay updated with the latest financial reports, and consider your risk tolerance before making any investment decisions.
