Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

IDFC Near Supports

32 sec read


 

 
CMP : Rs 92
 
Check out the IDFC Descending Triangle Pattern. Once again trading near supports(Rs 90)
And Still the stock is looking bearsih and now the stock likely to break only above Rs102.
 
Here is a view from Ashwani Gujral told on 4th Aug,2008
 
IDFC has support at Rs 88-89: Gujral
Technical Analyst, Ashwani Gujral is of the view that IDFC has support at Rs 88-89.

Gujral told CNBC-TV18, "At Rs 88-89 IDFC is standing right at a support. In case this level goes, then you probably are looking at levels of about Rs 60 so this is a sort of a level from where it bounced back a number of times. On the upside it really needs to cross Rs 115-117 to gain some more strength."

 
Check the previous view in IDFC here : Descending Triangle Pattern in IDFC
Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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