Labels: , , , , , , ,

The stock has successfully tried to take support at lower levels and had an up rally. Its next resistance is at 1363, crossing of this level may bring some more upward movement in the stock.
Resistance2-  1340.05,  Resistance1-  1325.1,  Pivot Point  1305.05, 
Support1-  1290.1,  Support2-  1270.05
The stock consolidated with positive biasness this week. One could go for buying on dip strategy in the stock, its next resistance level is at 376.50, and crossing of this rally may continue the up rally of the stock.
Resistance2-  375.83,  Resistance1-  373.27,  Pivot Point  370.88
Support1-  368.32,  Support2-  365.93
The stock has successfully taken support at lower levels and managed to reach the mentioned levels last week, its next resistance is at 235, crossing of this level will take the stock further upwards else it may have some correction also after a sharp upturn.
Resistance2-  233.28,  Resistance1-  230.47,  Pivot Point  226.43,
Support1-  223.62,  Support2-  219.58
As said earlier the stock can shown some correction in coming session, the stock moved down during the trading hours after breaking its support at 449 it marked a low of 431. The stock is now facing resistance at 445 and has support at 429. Break of support may take the stock further down.
Resistance2-  463.17,  Resistance1-  448.23,  Pivot Point  439.77,
Support1-  424.83,  Support2-  416.37
IDFC has major downtrend and today also it continued the same, made intraday low of 125.50. The stock is now facing support from the level of 123 and having resistance level at 134. It is expected to consolidate with negative biasness in short term, and it may also bounce back if it continues to sustain above the support level.
Resistance2-  133.35,  Resistance1-  130.4,  Pivot Point  127.95,
Support1-  125,  Support2-  122.55


Post a Comment