IDFC bank buy setupWe can see volume divergence in IDFC bank. buy with a Sl of 62 and TP1=72 TP2=77.
Idfcfirstbank
IDFCFIRSTB : Poised for a Wave C Reversal or Deeper Dive?1. Key Analysis and Levels
Wave C Completion Zone (₹63-61):
Based on Elliott Wave analysis, this marks the end of the corrective phase (Wave C).
This range aligns with a high-probability demand zone, where buyers typically enter aggressively.
Liquidity and Consolidation Zone (₹61-67):
Current price behavior indicates consolidation, suggesting accumulation by buyers or preparation for a reversal.
First Target Zone (₹78-80):
Represents the extended retracement of Intermediate Wave B, a logical zone for profit-taking.
Second Target Zone (₹86-88):
A deeper retracement of the Primary Wave B, achievable if bullish momentum sustains beyond the first target zone.
2. Trade Setup
A. Long Trade Setup:
Why Long?
The price appears to have found support in the Wave C completion zone with signs of consolidation, signaling a potential reversal.
Elliott Wave theory suggests the next leg (Wave 1 or Wave A) to the upside.
Entry: Around ₹64, after a confirmed breakout from consolidation or bullish candlestick patterns (e.g., hammer or engulfing).
Stop Loss: Below ₹61 to account for demand zone failure.
Targets:
₹78-80: First resistance level at the extended retracement of Wave B (Intermediate).
₹86-88: Next significant resistance zone based on Primary Wave B retracement.
B. Short Trade Setup (If Demand Fails):
Why Short?
A breakdown below ₹61 indicates that the Wave C completion zone is breached, suggesting continuation of the downtrend.
This breakdown could trigger a deeper decline toward the next structural support levels.
Entry: Below ₹61 after confirmation of breakdown with volume.
Targets:
₹58: Immediate support zone.
₹52-55: Deeper structural demand area.
Stop Loss: Above ₹65 to avoid being caught in a false breakdown.
3. Explanation of Analysis
Wave C Completion:
In Elliott Wave theory, Wave C often marks the end of a corrective phase, making it a high-probability entry point for reversals.
Liquidity Zone (₹61-67):
Current consolidation reflects market participants accumulating positions, often seen before a major price move.
Risk-Reward Dynamics:
The defined stop loss and target zones provide favorable risk-to-reward ratios, making the trade setups attractive.
4. Confirmation Signals
For Long Entry:
Bullish price action in the ₹63-64 range with rising volume.
A breakout above ₹67 signals momentum shift to the upside.
For Short Entry:
A strong daily close below ₹61, accompanied by high volume and bearish sentiment.
5. Risk Management
Risk should be limited to 1-2% of your portfolio per trade, adhering strictly to stop loss levels.
Consider scaling out at the first target zone to lock in partial profits while trailing stop loss to protect gains.
Why This Plan Works
This trading plan integrates Elliott Wave theory, demand zone dynamics, and logical retracement levels to structure trades with both upside potential (if reversal occurs) and downside readiness (if support fails).
#ID/USDT Ready to go up#ID
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 0.4320
We have a downtrend, the RSI indicator is about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.4428
First target 0.4547
Second target 0.4644
Third target 0.4746
IDFCFIRSTBANK_06.10.2024Last movement of IDFCFIRSTBANK with such pattern formation was from 40 rs to 100 rs.
Now stock is at 70 with similar pattern and similar retracement. I think this could be groundbreaking with positive new like amalgamation of IDFC FIRST BANK and IDFC LTD.
If all works out could my targets are 118.
IDFCFIRSTBANK_22.09.2024fibonacci retracement completed. Very good trade, chances to double the money with RR 1:7.
Enter between 70 to 73, SL 68, Tgt 84, 98, 118.For study purpose only.
IDFC BULLISHA Bullish Flag is a technical analysis pattern that suggests a potential continuation of a bullish trend. Here's a description of the Bullish Flag pattern in IDFC :
Pattern Description:
Flagpole: The stock price of IDFC has been in a strong uptrend, forming a flagpole (a sharp, almost vertical rise in price).
Consolidation: After the flagpole, the stock price has consolidated within a narrow range, forming a flag (a rectangular or triangular shape).
Upper and Lower Boundaries: The flag has upper and lower boundaries, which are roughly parallel to each other.
Breakout: The stock price is expected to break out above the upper boundary of the flag, continuing the bullish trend.
idfcfirstbank_15.09.2024IDFCFirstBank target 77 easy trade of 3.5 points.
for educational purposes only.
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
Nifty 50 analysis /market will crash soon 2024Nifty 50 analysis /market will crash soon 2024/
now market fare valuation, will correct best opportunity for long-term investment
1.Nifty50 support 18,000rs second support 15,000rs
2.now nifty PE/30
3. A SMALL CORRECTION IS GOOD
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
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 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.
Fundamental Picks - Stock PE < 20 (NIFTY BANK)📊 Script: BANKBARODA
⏱️ C.M.P 📑- 254
🎯 PE 🏆 - 6.98
📊 Script: FEDERALBNK
⏱️ C.M.P 📑- 159
🎯 PE 🏆 - 9.33
📊 Script: BANDHANBNK
⏱️ C.M.P 📑- 187
🎯 PE 🏆 - 10.12
📊 Script: SBIN
⏱️ C.M.P 📑- 817
🎯 PE 🏆 - 11.43
📊 Script: INDUSINDBK
⏱️ C.M.P 📑- 1410
🎯 PE 🏆 - 12.66
📊 Script: HDFCBANK
⏱️ C.M.P 📑- 1437
🎯 PE 🏆 - 16.07
📊 Script: IDFCFIRSTB
⏱️ C.M.P 📑- 76
🎯 PE 🏆 - 17.13
📊 Script: PNB
⏱️ C.M.P 📑- 123
🎯 PE 🏆 - 17.89
📊 Script: ICICIBANK
⏱️ C.M.P 📑- 1117
🎯 PE 🏆 - 18.44
📊 Script: KOTAKBANK
⏱️ C.M.P 📑- 1627
🎯 PE 🏆 - 18.49
Formula to calculate PE = MVP/EPS
MVP - Market Value Per Share (Stock Price)
EPS - Earning Per Share
Industry(NIFTYBANK) PE - 15.7
Always Compare Stock PE with Industry PE for Better Understanding.
LOWER THE PE MORE ATTRACTIVE THE COMPANY.
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
IDFC First 4H ProjectionIDFC First 4H Projection
Market is Bullish and also breakout trendline so, if nearest resistance break then buy for long term.
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.
#IDFC MIDTERM SETUP (2ND POSSIBLE ENTRY)Greetings Folks,
today i have prepared a setup on IDFC on NSE
the setup is the sequel of the previously given setup
- we are here looking for a possible 2nd entry if possible
- the breakout was good, the price is retesting right now
- this chart is 4h , so it may take some time
dont play with fire, always use predefined stoploss
#IDFC MIDTERM LONG TRADE IDEA SETUP Greetings Folks,
today i have prepared a setup of IDFC on NSE
- To your attention this is a mid term focused chart, dont seek quick move from this
the analysis is as follows
- there is a range near the all time high which is a good sign that price wants to create another ATH
- i have mentioned 2 entry points in the chart
and have also marked the 50% of the range
dont play with fire , always use pre defined stoploss
#IDFC #IDFCLTD
#IDFCFIRSTBANK... Looking good in upcoming sessionlong term inverstment call
🧲🧲🧲🧲🧲🧲🧲🧲🧲🧲🧲
IDFCFIRST BANK
BUYING RANGE - 83-85
STOPLOSS 80
TARGET 100/123/138/150/200++++
IDFC First BankIDFC First Bank is moving in a zone and respecting the above resistance and below the trend line. Anytime soon a breakout on either side can be expected in this stock.
Wait for the breakout and re-test of that and it will give a great move.
The chances of breaking above is more due to the current market scenario. SL can be kept at the areas below the resistance and trendline zones.
Trade safe. Manage risk. Be profitable.
Please follow us for more simple trading analysis and setups. Also, let me know in the comment if you have any queries.
Disclaimer:- This is my view. Please analyze the charts yourself and then decide to take any trades.
buyBuy around 67-67.7 stop loss 65.5 target 81-83 . Rally can extend to 100-120 over next 8-10 months.
Disc : It's not an investment advise to buy or sell.
IDFC First Bank breakout possibleIn weekly Timeframe IDFC can be seen having resistance @62-64
If it breaks the resistance then we can see good move upwards from 70-75-80
If it reverse from this then we will see bearish trend in IDFC to around 40 and below.
Disclaimer:
This is not a financial advise. The content is for educational purpose and it is my own personal views.
IDFC Short R/R ratio 5.2IdfIdfc NSE:IDFC
Shorting on daily timeframe.
Risk to reward ratio: 5.2
Never trade a short without a stoploss.
*Not a financial advice.
My charts speaks louder than words.
I'm a chartist and I paint charts.
