Buy IDFC for target of Rs 227-232: Religare

MUMBAI: Birendrakumar Singh, technical analyst, Religare Securities is of the view weekly trend in IDFC has turned positive. He has advised to buy the stock for target of Rs 227-232.

“IDFC has been trading side ways and formed a “Rounding Bottom.” Last Friday, the stock broke crucial resistance of Rs 201 as a result the weekly trend has turned positive. Buy at Rs 206-204 with stop-loss of Rs 192 for target of Rs 227-232,” the report said

Note: Trading idea valid for 3-4 weeks.