IDFCFIRSTB trade ideas
IDFCFIRSTB conditional buy Buy only if day closing is above 57.8 & corresponding volume above 56 M.
Target- 68.2 in 2-3 weeks.
Reason- Ascending triangle breakout, (formed at second should of H & S pattern).
Confirmation- RSI
Note: Only enter if day closing is above 57.8 & volume above 56 M, else don't enter.
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.
IDFC First Bank Hidden Buillish Divergence on Daily timeframeIDFC First bank made higher lows on the daily chart as can be seen with the fractals, but on the RSI we can see lower lows for the corresponding events which indicates hidden bullish divergence. This is a strong indicator of trend continuation. Buy can be initiated on dips with SL below 56, the most recent swing low. If it breaches this low, the idea will be invalidated. Target can be 128% extension of the current down move from high of 68 to 56.
IDFC FIRST BANK WILL BOOM NOW Hello Friends I m Back
PLEASE ZOOM OUT CHART THEN ONLY YOU WILL UNDERSTAND
Check IDFC FIRST BANK in Longer Time Frame and you will see a Amazing Levels for future.
As I used HEIKIN ASHI Candle for Today Analysis and if you check stock came at crucial level.
But if you check the volume is much much higher then previous one which shows a great upward Movement for stock for longer time.
I recommend to hold this stock if you have and if you doesn't have then BUY BUY BUY because surely it will touch 80 in short time..
Disclaimer
This is for education purpose only
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