Idfcfirstb_predication — Trading Ideas on TradingView

IDFC FIRST BANK LTD Previously, around the **₹60 price range**, there was a strong supply zone that the stock broke through, leading to a good upward move. Now, it has reached that level again, and there’s a high probability that this zone has turned into a **demand zone**. I’m considering this price range as a potential **buy level**.

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).

IDFC FIRST Bank Technical IDFC First Bank Now Trade @ 38.50 support Price If break out below this level it will come Around @ 33 (Next Support)

IDFC BANK 1:3 Risk REWARD (High Probability Trade)Hello traders, There's no off day for traders these days are just an opportunity to find good high probability trades that can bestow some green profits upon us when the market opens. So I have found or rather someone found IDFCFIRSTB for a good Risk reward ratio trade and I analysed the same and found it pretty good. A ratio of 1:3 is more than good. So IDFCFIRSTB broke its triangle pattern and also have retested it and now taking support near CMP, it has shown tremendous upsides in the past whenever it gave a breakout so I am expecting the same this time again. Buy near:- 50 - 51 Targets mentioned above in the chart with more details and all the info required for the trade. It looks good for Options & Futures also. Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.

IDFC first bank ( Time to Rise)Idfc first bank gave a beautiful long breakout on 23 april and consolidating after that in a range, We can initiate buy at 53.80 or above 55.55 for a good target Follow for more

Go long on IDFC First Bank After a long time day candle has closed above the 50 DMA. Sentimental RSI indicator is also green .This looks bullish set up. I would keep a stoploss near 39.50 - 40. My near term target would be 50. Happy Trading and Investing!!!