IDFC managed a small 2% bounce today - right at the trendline. The stock has been slow and steady mover in last few months if you compare with rest of the market. Can today's move result in trading move to the resistance of 184?
Here's the IDFC Chart
IDFC has a first target of 184 on the upside if it does not crack below 140 on immediate basis. It's a trading view as of now and the success will depend of market conditions. The view will not hold true if stock cracks below 140 on closing basis. Please do your own due diligence before trading. I am sharing the chart purely for educational and observation purpose.
Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers