scorpiomanoj
Short

IDFC - SHORT AT EVERY RISE

NSE:IDFC   IDFC LIMITED
IDFC CMP 49
TARGET 35
STOP 59
Monthly Chart:
1) Series of LHs and LLs reflects a bearish big picture on this stock.
Weekly Chart :
1) Stock has breached 200 period ema at around 55-57 and post consolidation for several weeks has breached previous swing low at 50.
Daily Chart :
1) Stock has breached 200 day ema at around 54 and had formed a bearish triangular pattern before breaking towards 49.
2) Stock could retrace back to 50-51 levels on account of some shorts getting covered, which could be the ideal level to go short in this stock.

All levels spot. Please adjust for futures .
Monthly chart displayed. Weekly and daily chart can be verified for the above commentary.
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