BuzzWithSagar

IDFC First Bank is showing promising price action as it reacts strongly from key demand zones across multiple timeframes. In this post, I’ll walk you through the technical outlook based on quarterly, monthly, weekly, and daily charts. 🔍 Quarterly Chart Overview On the quarterly timeframe , the stock is currently reacting from a well-defined demand zone that has held strong in the past. Historically, this zone has attracted institutional buying, and once again, we’re seeing signs of accumulation. Quarterly Demand Zone: Around ₹58.39 Price Reaction: The stock has bounced from this level, signaling a potential reversal or trend continuation.   📆 Monthly Demand Zone Analysis Zooming into the monthly chart , there is a strong demand zone at ₹55.10 , which is also being respected. This area has acted as a long-term support, providing a foundation for bullish moves in previous cycles. Monthly Demand Zone: ₹55.10 Current Price Action: Price is reacting positively from ...

  This Week Recap: Nifty showed strength in the last 2–3 sessions, bouncing back sharply. But here’s the catch — this rally did not come from a strong support zone , and there are signs that the upside may be limited. Let’s break it down technically 👇 📉 Why Nifty May Struggle Next Week ✅ Rally without Strong Base : The recent upmove looks more like a technical bounce rather than a trend reversal. There was no major support zone at the bounce point — which makes it fragile. ⚠️ Daily Time Frame Resistance : On the daily chart, Nifty is approaching a key resistance zone . Price action is showing signs of slowing down with smaller candles and upper wicks. 🚫 20 EMA Resistance : Price is currently below or near the 20-day EMA , which is acting as a dynamic resistance. Unless it breaks this with volume, upside looks capped. 💡 Sagar’s View: This is not the time to be aggressively bullish . Be selective, book profits quickly, and stay light if you're a short-term trader...