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Technicals for IDFC First Bank Limited
By MusingTheNews
2025-06-13 20:38
Overall Technical outlook
Price Summary
On 2025-06-13, IDFC First Bank Limited's stock opened at 69.1, spiked to 71.0, declined to 69.1, and closed 1.94% higher at 70.44, with 43448132 shares traded. The top price for the stock in the last 52 weeks is 83.84, with the bottom price being 52.89. IDFCFIRSTB's future price is expected to lie between 49.0 and 85.0, with an average expectation of 71.10526, as per the recommendations of 19 analysts.
Technicals
Support and Resistance: The current price of 70.44 for IDFCFIRSTB is supported at 68.45 and faces resistance at 72.31. These levels indicate that 68.45 could act as a floor, while 72.31 might limit any further price increases. Support/Resistance for IDFCFIRSTB
Aroon: The AROON is showing a neutral stance, not indicating a clear upward or downward trend for IDFC First Bank Limited. This suggests a period of market balance, where neither side is showing dominance. Aroon chart for IDFC First Bank Limited
Bol. Bands: The BOLL BANDS is currently neutral, showing no clear bias toward an upward or downward trend. This suggests that the market may be in a phase of indecision or consolidation. Bolinger Bands chart for IDFC First Bank Limited
Parabolic SAR: The PSAR remains bullish in its outlook, establishing a key support level that could serve as a foundation for further upward movement. This persistent bullish stance suggests that the market may continue to trend higher, with the established support providing a potential safety net for investors. Parabolic Stop and Reverse chart for IDFC First Bank Limited
Stochastic: The STOCHASTIC is currently neutral, showing no clear bias toward a rising or falling trend. This lack of directional clarity suggests that the market may be in a holding pattern, awaiting further developments. Stochastic chart for IDFC First Bank Limited
Tripple Moving Agerage: The alignment of the 20, 50, and 100 moving averages suggests a bearish trend, but the wavering slopes of the 20 and 50 SMAs hint at a potential shift. This weakening momentum could indicate that the bearish trend for IDFCFIRSTB is losing steam, possibly leading to a bullish reversal in the near future. Investors should watch for signs of a market turnaround as the current downtrend shows signs of faltering. Tripple SMA chart for IDFC First Bank Limited
When evaluating a company, it is crucial to examine its fundamentals, including its financial statements, management structure, and market position. Additionally, understanding the broader industry trends, competition, and regulatory landscape helps to create a well-rounded view. By assessing both the company's internal factors and the external environment in which it operates, you can extract more valuable insights from its technical performance, such as stock price movements and trading patterns.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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