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IDFC First Bank Limited (IDFCFIRSTB) Stock - Complete Technical Analysis - Nov 08, 2024

IDFC First Bank Stock Analysis: Key Support and Resistance Levels to Watch Technical Breakdown

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.







 

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