Long
IDFC - Multiyear Breakout
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Stock moving in a falling channel since 2009.
Breakout of this channel will mark a multi year breakout of 9 year channel.
keep a stop loss at 36 Rs
Risk is at 37% but reward will minimum twice the risk.
\keep trailing stop loss after the breakout & accumulate on dips
Breakout of this channel will mark a multi year breakout of 9 year channel.
keep a stop loss at 36 Rs
Risk is at 37% but reward will minimum twice the risk.
\keep trailing stop loss after the breakout & accumulate on dips
Note
12 year old channel breakout&
Consolidation breakout.
Enjoy the ride.
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