Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. IDFC First Bank Limited (IDFCFIRSTB) has been fluctuating recently, trading at 65.6, down 29% from its 52-week high. The stock faces resistance around the 67-68 range, with support near 65. Key indicators show mixed signals: the ADX suggests strong trend strength, but the RSI points to oversold conditions, hinting at a possible rebound. The MACD remains negative, indicating ongoing weakness. The stock is trading below major moving averages, with the 50 and 100-period EMAs acting as resistance. Traders should watch for a break above 67-68 for an uptrend. Short-term support at 65, with downside risk to the 59.3 low.
Visit My YouTube Channels for More Content:.
Channel 1 :
ParthaKuchana : For video tutorials on tech, career advice, industry insights, global military tech.
Youtube Channel Link :
View Channel
Youtube Channel Subscription Link : Mention channel subscription link :
Subscribe
Channel 2 :
Partha Kuchana - Finance: For in-depth stock market analysis, technical and fundamental analysis of stocks, investment ideas, and tips.
Youtube Channel Link :
View Channel
Youtube Channel Subscription Link : Mention channel subscription link :
Subscribe
Channel 3 :
Partha Kuchana - Stock Analysis : For in-depth stock market analysis, technical and fundamental analysis of stocks, investment ideas, and tips.
Youtube Channel Link :
View Channel
Youtube Channel Subscription Link : Mention channel subscription link :
Subscribe
Follow me on X :
@ParthaKuchana
Join my Telegram Channel :
ParthaKuchana