Technical Stock Trading:IDFC,Rel Capital and Renuka

“In the beginning your aim should be to develop confidence and structure. Get comfortable with your trading strategy, develop good habits and discipline and be prepared to do whatever it takes to achieve success. It is critical that you avoid getting yourself into a situation where you are desperate and have to make money – this is the situation that more than any other seems to have
the most destructive effect on a person and their ability to trade well.”– Matthew Silvester

IDFC

IDFC is trading in downward channel, On Friday touched the lower end of channel and bounce back forming a Bullish engulfing pattern. Short term reversal is on cards till 152 is not broken.

Buy above 158.6 Tgt

Continue Reading