varadtambolkar

IDFC - Multiyear Breakout

Long
NSE:IDFC   IDFC LTD
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
Comment: 12 year old channel breakout
&
Consolidation breakout.

Enjoy the ride.