Day Trading Stocks & Futures

ST sir, what is your view on idfc first bank? I am holding it and can hold for more than 5 years. I do not understand fundamentals.
It is a sick bank being revived by a very competent professional banker Mr Vaidyanathan.It has some NPA baggage from the past and it may take 1-2 quarters to be in good profit. This is a revival story and if successful,it will turn into a good efficient bank. This quarter they had to provide for Voda Idea exposure....next 1-2 quarters management is confident of profit but there could be some more skeletons in the cupboard....

Smart_trade
 

travi

Well-Known Member
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Last trade i had in Indusind Bk was in Jul-Aug 2019, swing trade based on TD Seq. After that, high exposure to DHFL or IL&FS news etc broke out and the price is just going down ever since.
Now it is further gloomy with large exposure to telecom sector too.

It wasn't a pf stock but if any one held it, still not a bad price to get out imo. can invest in another bank/nbfc in this mkt correction.
Its down 50% from ATH and at 3 year lows.
 

checkmate7

Well-Known Member
View attachment 40287

Last trade i had in Indusind Bk was in Jul-Aug 2019, swing trade based on TD Seq. After that, high exposure to DHFL or IL&FS news etc broke out and the price is just going down ever since.
Now it is further gloomy with large exposure to telecom sector too.

It wasn't a pf stock but if any one held it, still not a bad price to get out imo. can invest in another bank/nbfc in this mkt correction.
Its down 50% from ATH and at 3 year lows.
Yes rightly said...4digit may soon become 3digit in it :)
 

AJK

Well-Known Member
View attachment 40287

Last trade i had in Indusind Bk was in Jul-Aug 2019, swing trade based on TD Seq. After that, high exposure to DHFL or IL&FS news etc broke out and the price is just going down ever since.
Now it is further gloomy with large exposure to telecom sector too.

It wasn't a pf stock but if any one held it, still not a bad price to get out imo. can invest in another bank/nbfc in this mkt correction.
Its down 50% from ATH and at 3 year lows.
Doesn't it look like a double bottom support earlier? But there is an ST gap below i think
 

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