The stock of IDFC First Bank has been rallying since early April. After witnessing some temporary moderation in price recently, the price action shows that the stock is resuming its upward movement. This week, the price has risen above a key level of ₹69 and also above the 21-day moving average, indicating bullishness.

Going ahead, we expect the rally to gain further momentum, potentially lifting the stock to ₹85 in the near-term. Therefore, participants can consider buying the stock of IDFC First Bank at ₹70 and accumulate if the price dips to ₹68. Place stop-loss at ₹65. When the price touches ₹76, raise the stop-loss to ₹71. Tighten the stop-loss further to ₹77 when the stock hits ₹80. Book profits at ₹85.

(Note: The recommendations are based on technical analysis. There is a risk of loss in trading.)

Published on May 27, 2026