IDFC BANK Analysis I am IDFC Bank in weekly Timeframe. My minimum Target is 1:1 and after using trailing Stoploss.
IDFCFIRSTB trade ideas
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.
Idfc Frist bankThis stock forming my techno funda pattern in which technicals and fundamentals both are included
Technical (moving average,trend, strength,)
Fundamentals (sales,EPS, PROFIT)more than 20 %
IDFC first above 54, will open up levels for 69
IDFC first above 54, will open up levels for 69
setup is getting stronger
wait for closing above 54
IDFCFIRSTBIDFCFIRSTB Chart Analysis........31/08/23
The descending triangle pattern on IDFCFIRSTB chart has converted into bullish pennant pattern or its target of 86 has been completed and now its rounding bottom pattern has its target of 108
Long : 90
Sl : 84
Target : 108
Enjoy !
20/08/202320/08/2023
IDFC First bank on monthly chart
CUP pattern
CMP: 88.95
Target :97-105-115
SL:82.5
Information is only for study purpose
IDFCFIRST BANK
The stock has given a breakout above its all time high of 86.
The Monthly RSI moving past its previous peak of 70 also confirms strength in the stock price.
No definite target for the stock, but if one is looking to invest in Banking Sector, this should ideally out-perform its peers.
Bullish view remains intact as long as price survive 80!
idfc bank looking bearish.idfc bank has been given a good rally, stock is facing resistance at upper level, it may enter in distribution face soon.
#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.
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Disclaimer:- This is my view. Please analyze the charts yourself and then decide to take any trades.
IDFC FIRST BANK Long-Term Break-Out!IDFC FIRST BANK has broken out of trading range on One Month Time frame Chart. Break-out after 6 Years trading in a channel!
Those who are holding can consider offloading 30 to 50 percent holdings to realize profit and hold the remaining to ride the up move!!
Looking for exponential move on up side if this break-out sustains!!!
