Buy IDFC for target of Rs 190:Finquest
Finquest Securities has advised traders to buy IDFC for target of Rs 190.
By ET Bureau |
MUMBAI: Finquest Securities has advised traders to buy IDFC for target of Rs 190.
���IDFC after consolidating for almost 3 months has breached its falling trend line and given a breakout from a diamond shaped pattern.
The stock seems likely to head towards Rs 190 levels in the short term. MACD (daily chart) has given a positive crossover at the zero line indicating underlying momentum is gaining strength. The breakout has been accompanied with high volumes adding strength to the bullish outlook.
DI + has crossed DI(-) after being range bound since last few weeks. Buy IDFC at Rs 147 for target of Rs 190 and keep a stoploss of Rs 136. Expected return in the stock is 29.3% and risk 7.5%,��� the brokerage said.
Sent at 12:10 PM on Tuesday.
���IDFC after consolidating for almost 3 months has breached its falling trend line and given a breakout from a diamond shaped pattern.
The stock seems likely to head towards Rs 190 levels in the short term. MACD (daily chart) has given a positive crossover at the zero line indicating underlying momentum is gaining strength. The breakout has been accompanied with high volumes adding strength to the bullish outlook.
DI + has crossed DI(-) after being range bound since last few weeks. Buy IDFC at Rs 147 for target of Rs 190 and keep a stoploss of Rs 136. Expected return in the stock is 29.3% and risk 7.5%,��� the brokerage said.
Sent at 12:10 PM on Tuesday.
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