IDFC First Bank Stock Analysis, IDFC First Bank Share Price, IDFC First Bank, idfc
IDFC First Bank Stock Analysis
IDFC FIRST Bank is one among the leading banks in India and IDFC First Bank have a nationwide presence and operates in Wholesale Banking, Retail Banking and different banking segements. The Bank offers savings and current accounts, NRI accounts, earnings accounts, demat accounts, mounted and continual deposits, home and private loans, small loans to business, forex product, payment solutions and wealth management services.
| Current Price ₹ 30.70 | Book Value ₹ 27.2 | Stock P/E — |
| Market Cap ₹ 18,123 Cr. | Face Value ₹ 10.0 | ROCE 5.32 % |
| High/Low ₹ 48.0 / 17.6 | ROE -16.9 % | Dividend Yield 0.00 % |
Very positive movement going on in IDFC First Bank shares. Stock is in uptrend and trading near it’s resistance.
Buy IDFC First Bank above 32 for the Targets of 35.90 and 42.75.
Stoploss Rs. 27.
CMP- 32 | Support- 27.70 | Resistance- 35.90 , 42.75 | Trend UP↑
Technical Analysis
| MOVING AVERAGES | Indication |
|---|---|
| Simple Moving Average (9) | Bullish |
| Simple Moving Average (18) | Bullish |
| Simple Moving Average (25) | Bullish |
| Simple Moving Average (43) | Bullish |
| Simple Moving Average (100) | Bullish |
| Simple Moving Average (200) | Bullish |
| OSCILLATORS | Indication |
|---|---|
| Commodity Channel Index (20) | Bullish |
| Williamson%R(14) | Overbought |
| MACD(12,26,9) | Bullish |
| Relative Strength Index (14) | Bullish |
| MFI(14) | Neutral |
| Stochastic(20,3) | Overbought |
| PIVOT LEVELS | Classic | Camarilla | Fibonacci |
|---|---|---|---|
| Resistance 1 | 32.40 | 32.06 | 32.14 |
| Resistance 2 | 32.85 | 32.16 | 32.41 |
| Resistance 3 | 33.55 | 32.27 | 32.85 |
| Pivot Point | 31.70 | 31.70 | 31.70 |
| Support 1 | 31.25 | 31.84 | 31.26 |
| Support 2 | 30.55 | 31.74 | 30.99 |
| Support 3 | 30.10 | 31.63 | 30.55 |
| Strengths |
|---|
| Company with Zero Promoter Pledge. |
| Stock is trading at 1.18 times its book value. |
| FII / FPI or Institutions increasing their shareholding. |
| Weaknesses |
|---|
| Company has low interest coverage ratio. |
| Contingent liabilities of Rs.281593.88 Cr. |
| Declining Revenue every quarter for the past 2 quarters |
| Daily Trend – Bullish ↑ |
| Weekly Trend – Bullish ↑ |
| Monthly Trend – Bullish ↑ |
Profile:- IDFC FIRST Bank
Sector:- Finance
Industry:- Regional Banks
IDFC FIRST Bank is one among the leading banks in India and IDFC First Bank have a nationwide presence and operates in Wholesale Banking, Retail Banking and different banking segements. The Bank offers savings and current accounts, NRI accounts, earnings accounts, demat accounts, mounted and continual deposits, home and private loans, small loans to business, forex product, payment solutions and wealth management services.
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(*Note:- The recommendation are based on technical analysis. There is a risk of loss.)