IDFC first bank move will start

22 juin

IDFC first bank is now ready for the move. It has good breakout in D W M timeframes. in 15mnt it was also retested too. According to my thinking this stock can double very quickly. Please also see previous breakouts which i mentioned for demo (grey area). The longer the consolidation the higher it can go so this time is has nearly 1yr consolidation breakout. So it will go long way. First immidiate target is 100 then further move according to fibo extensions. Move is till 230 but i cant show in one screen. Please follow my given targets & i will keep updating this post.


Keep this in mind. Options is a dangerous instrument to play. Please do not go wild on anything unless you know exactly what you doing. Even though your direction is right still you tend to loose in option buying. And market can always prove me wrong and i take that rights too. Experience traders also fail in this market. Only risk management will give you an edge. Don’t take any trades without SL. Respect the market, Ungli nahi katoge to pura hath katna padega. Beware.


DISCLAIMER: I AM NOT SEBI REGISTERED ANALYST. ALL POSTS ARE EDUCATIONAL PURPOSES.NON ADVISORY, DISCRETIONAL NO CLAIMS, RIGHTS RESERVED. I AM NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS.

22 juin

Transaction en cours

It's active now with 80SL on the day closing basis.

3 juil.

Note

Breakout retest done. today formed inside candle. so watchful day tomorrow.

6 juil.

Note

Good move & consolidation above 80 levels it can go further.

9 juil.

Note

Still not broken the trend line. This week will be important for this stock. It has to rise.

21 juil.

Note

Breakout failed. need to come again above 78 levels again.

27 juil.

Note

Above 78 it will be active again from following week. Result is not that bad.

29 juil.

Note

Above 75 it will again capture the trend. Good volume candles formed after long downtrend.

11 août

Note

Above 73 74 75. It will be active again.

20 août

Note

Above 73 closing will be good today.

23 août

Note

should close above 75 for next move. I think this is ready now.

30 août

Note

Inner flag breakout then it will approach to main TL.

2 sept.

Note

Holding 75 level again. guys do not miss this stock. in coming time 25% move expected. This stock is pending since long. One day closing above 75.70 will start the move.

15 sept.

Note

75 levels will be again make or break.

20 nov.

Note

60-65 is last buying zone. If fall below it will become super bearish.