IDFC: prices following Bullish trend

IDFC: prices following Bullish trend
Infrastructure Development Finance Company Limited Symbol: IDFC Suggestion: Buy, Stop loss at Rs. 90 Open             91.00 High              99.20 Low               90.50 Last Price    98.20 Fig. 1: Price movement (1) - IDFC Figure 1 shows the movement of stock price of IDFC ltd. It also shows a trend line which the stock has started following recently (from last 3-4 sessions). The direction of the trend is upward, but nothing can be said about the life of this trend. So it also possible that it is a whipsaw. In order to figure out this, further tools are used as shown below. Fig. 2: Price movement...

By iBlogger On 15 May 2009 Continue Reading ... Comments (5)

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