Wednesday, January 22, 2014

IDFC Technical chart

Hi friends,
                  I am looking at IDFC chart today,Lets see the chart closely,The rally from
end august 2013 makes abcde and ends by mid dec 2013.
Look at the structure after finishing abcde we see a squeeze in making with each leg 3 waves.
we have done abc and right now d is on ,I expect a rally towards 105 and then a fall towards
95  ,These levels are tentative they can change lil bit but direction would be as i expect.
With RBI policy coming these banking stocks would be ready for action .This structure complition
should breakout to give upside target to about 115,120 ,Would look the chart near RBI policy
track this stock closely and see if the above chart move happens or not.



Post a Comment