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IDFC (value pick stock with long term Buy)

IDFC (CMP@101.60) is a value pick stock with long term buy, as per our analysis in monthly basis semi-Log chart from level of 76.05 showing positive reversal in channel pattern with confirmation of Bollinger Band from past two months showing strong positive reversal.
In the past too our Bollinger Greed & fear band has resulted excellent results shown in below mention charts.   

Fibonacci retracement Level

38.2%   : 118.06
50.0%   : 130.36
61.8%   : 143.94
78.6%   : 162.35
88.6%  : 173.64
100.0% :186.37

We advice a view based call to accumulate IDFC up to 90 with stop loss of 89 for target of 131 to 144.Time span is 3 Months.

(Regular analysis by Charan More and Nilesh Dedhia)


IDFC (Monthly Chart)

Disclaimer:All information given here is largely based on technical analysis which is highly dynamic in nature and relevant only at a particular point of time. Users are advised to pursue these recommendations only at their own risk and first consult their personal investment advisor when making investment decisions. We are not liable and we take no responsibility for any loss that you incure by trading/investing on our recommendations. these study are posted for educational purpose only.

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