{"id":4059,"date":"2013-12-05T11:51:49","date_gmt":"2013-12-05T06:21:49","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?p=4059"},"modified":"2019-06-06T19:38:33","modified_gmt":"2019-06-06T14:08:33","slug":"idfc-a-follow-up","status":"publish","type":"post","link":"https:\/\/www.fundsindia.com\/blog\/equities\/idfc-a-follow-up\/4059","title":{"rendered":"IDFC: A Follow-up"},"content":{"rendered":"<p>We covered the <a href=\"https:\/\/www.fundsindia.com\/blog\/equities\/idfc-time-to-nibble\/3379\">outlook for IDFC<\/a> a few weeks ago. The stock has hit the then mentioned target of Rs.100 and we sense that there is still some room to the upside. As anticipated in the prior post, the stock did take support at the medianline of the blue fork featured in the weekly chart below.<\/p>\n<a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2013\/12\/IDFC.png\"><img loading=\"lazy\" class=\"alignleft size-full wp-image-4060\" src=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2013\/12\/IDFC.png\" alt=\"IDFC\" width=\"1312\" height=\"556\" srcset=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2013\/12\/IDFC.png 1312w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2013\/12\/IDFC-300x127.png 300w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2013\/12\/IDFC-1024x433.png 1024w\" sizes=\"(max-width: 1312px) 100vw, 1312px\" \/><\/a>\n<p>The price could now rally to the upper parallel of this fork. A simple swing projection target works out to Rs.123-124. If the current momentum sustains, the price could head past this conservative target of Rs.124 and head to Rs.140. We would however prefer to be conservative and work with a Rs.124 target.<\/p>\n<p>Let&#8217;s reassess the situation once this initial target is taken out. For those who missed out may await a pull back to Rs.109 or lower, to buy this stock. The stop loss for this long entry may be placed at Rs.104.<\/p>\n<p>(<em>The view mentioned here is based on Technical Analysis of historical stock price action. Please read the\u00a0<a href=\"https:\/\/www.fundsindia.com\/blog\/disclaimer\" target=\"_blank\" rel=\"noopener\"><strong>Disclaimer<\/strong><\/a><\/em>)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We covered the outlook for IDFC a few weeks ago. The stock has hit the then mentioned target of Rs.100 and we sense that there is still some room to the upside. As anticipated in the prior post, the stock did take support at the medianline of the blue fork featured in the weekly chart [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[59],"tags":[118,89],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IDFC: A Follow-up<\/title>\n<meta name=\"description\" content=\"Now that our prior target on IDFC is hit, we decided to do a follow-up.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fundsindia.com\/blog\/equities\/idfc-a-follow-up\/4059\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IDFC: A Follow-up\" 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