Infrastructure Development Finance Company Ltd. CMP - Rs 141.20
Technical Outlook & Trading Strategy:-
The share price of IDFC has registered a break-out from its Inverted Head & Shoulders pattern. The measuring implication suggests towards a strong possibility of the share price heading to the targets of Rs 147 / Rs 150 in the near future. The momentum indicators remain in the rising trajectory and indicate strength in the current up-move.
We recommend a buy at current price and on pullback to the level of Rs 139- Rs 140 with stop loss placed below `
Rs 136.40 for the aforementioned targets.
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