IDFCFIRSTB - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.8
| Stock Code | IDFCFIRSTB | Market Cap | 61,421 Cr. | Current Price | 71.3 ₹ | High / Low | 87.0 ₹ |
| Stock P/E | 37.5 | Book Value | 54.7 ₹ | Dividend Yield | 0.35 % | ROCE | 5.99 % |
| ROE | 3.84 % | Face Value | 10.0 ₹ | DMA 50 | 69.1 ₹ | DMA 200 | 72.5 ₹ |
| Chg in FII Hold | -0.24 % | Chg in DII Hold | 0.35 % | PAT Qtr | 319 Cr. | PAT Prev Qtr | 503 Cr. |
| RSI | 62.9 | MACD | 0.56 | Volume | 1,86,80,222 | Avg Vol 1Wk | 1,91,50,548 |
| Low price | 58.1 ₹ | High price | 87.0 ₹ | PEG Ratio | -3.02 | Debt to equity | 7.04 |
| 52w Index | 45.8 % | Qtr Profit Var | 4.89 % | EPS | 1.90 ₹ | Industry PE | 14.8 |
📈 IDFCFIRSTB is trading slightly above its 50 DMA (₹69.1) but below the 200 DMA (₹72.5), showing short-term strength but medium-term weakness. RSI at 62.9 indicates bullish momentum, while MACD is positive (0.56), confirming upward bias. Bollinger Bands suggest price is near the mid-to-upper range, signaling potential continuation if volumes sustain. Current volume (1.87 Cr.) is slightly below average (1.91 Cr.), showing mild participation drop.
🔑 Short-term momentum signals: Positive, with potential upside if price sustains above ₹72–₹74 zone.
🎯 Entry Zone: ₹68–₹71 (support region)
🚪 Exit Zone: ₹80–₹85 (resistance region)
📊 Trend Status: Consolidating with bullish bias
Positive
- Price trading above 50 DMA, showing short-term strength
- RSI above 60, indicating momentum buildup
- MACD positive, supporting bullish signals
- DII holding increased (+0.35%), showing domestic institutional confidence
Limitation
- High debt-to-equity ratio (7.04)
- Weak ROE (3.84%) and ROCE (5.99%)
- P/E ratio (37.5) significantly above industry average (14.8)
- PEG ratio (-3.02) indicates poor earnings growth relative to valuation
Company Negative News
- FII holding decreased (-0.24%), showing reduced foreign investor interest
- PAT dropped from ₹503 Cr. to ₹319 Cr., reflecting earnings pressure
Company Positive News
- DII holding increased, signaling domestic support
- Quarterly profit variation (+4.89%) shows some recovery momentum
Industry
- Industry PE at 14.8 highlights sector trading at lower multiples compared to IDFCFIRSTB
- Banking sector facing margin pressure but supported by credit growth
Conclusion
⚖️ IDFCFIRSTB shows short-term bullish signals but remains fundamentally stretched with weak profitability metrics. Best suited for tactical trades near ₹68–₹71 with profit booking around ₹80–₹85. Sustained move above 200 DMA (₹72.5) could confirm trend reversal toward higher levels.
Would you like me to extend this into a momentum overlay comparing RSI, MACD, and volume trends against peers like RBL Bank, Federal Bank, and IndusInd Bank to highlight relative strength?