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Monday, September 8, 2008

IDFC Still Testing my patience

CMP : Rs 93.80

IDFC Still testing my patience. Upside now limited to 97... the upside band is getting 
decreased day by day.... And this is not a huge consolidation.... It may be a good
breakdown pattern below Rs 88


Tracking this pattern right from 02, Aug, 2008 onwards just have a look


IDFC 30 min Charts



And from the inference of 30 min charts IDFC giving a good clue to short
IDFC futures for a target of 90 and 88. And Breaking below the support
could make this stock to crack for a further target of 78 and 75

 
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