IDFCFIRSTB - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📉 IntraDay Trade Rating for IDFCFIRSTB: 3.1

IDFC First Bank is wobbling on short-term indicators today. While fundamentals have defensive appeal and recent profit spike is a positive, technicals and price action reveal softness. This setup calls for caution — it’s not ideal for aggressive intraday trades, but tactical scalping might offer brief opportunity.

🧪 Technical Pulse

RSI (37.4): Near oversold zone — watch for reversal signals; could attract bargain buyers.

MACD (-0.37): Bearish crossover — signals short-term weakness, but shallow enough to reverse fast.

Price ₹70.3 hovers below DMA 50 (₹71.5) and slightly above DMA 200 (₹68.4) → confirms choppy structure.

🔍 Volume Check

Volume (1.84 Cr) < 1Wk Avg (2.18 Cr) → falling liquidity suggests weak trader confidence.

Minor institutional shake-up: FII Holding down, DII Holding up — mixed sentiment.

🧮 Fundamental View

P/E 39.6 vs Industry PE 12.6 → overpriced, adds pressure on short-term outlook.

PEG 0.33 → long-term growth potential intact.

ROE 4.21%, EPS ₹1.77 → weak profitability.

Quarterly PAT spike, but margin sustainability is in question.

Debt/Equity 7.97 — standard for banks, but signals high leverage.

🎯 Intraday Game Plan

🔸 Fresh Entry

Buy Zone: ₹69.2–₹70.0 (Look for bullish reversal near DMA 200 zone with volume surge)

Profit Booking Range: ₹71.8 → ₹72.5 (Resistance near DMA 50)

Stop Loss: ₹68.2

🔸 If Already Holding

Profit Exit: ₹71.5–₹72.5 (Sell near resistance zone if momentum wanes)

Exit on Breakdown: ₹68–₹68.2 (Guard against breaching the 200-DMA floor)

Trailing Stop Suggestion: ₹69.4

⚡️ Final Word

IDFC First isn’t firing on all cylinders intraday — but there’s enough structure for a light-footed bounce play. Short-term traders should stay nimble and respect the ₹68 floor. A decisive volume-driven move past ₹72 could open the gates — until then, keep trades lean.

Want help layering this with sector sentiment or mapping out breakout watchlists across PSU banks? I’ve got some momentum-rich tickers lined up.

Edit in a page