IDFC - 135

IDFC seems to be building base for a sustained bull run. As it can be seen from the chart that the stock has moved above the 200 day EMA and also moved above 200 week EMA both of which are most power full indicators of bullishness in the stock. The 100 day EMA has moved above the 200 day EMA which is very bullish signal and generally it signifies a healthy movement is about to come over weeks or months to come. historically 2 out of 3 times when ever 100 day EMA has moved above 200 day EMA the stock has more that doubled. will this happen this time only time will tell. what ever may be the case the stop loss should be:Rs.110

M.MahidaRSri

Trend is Friend

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