Manish Kumar
Long

IDFC Bank afer a brief correction resumes upward journey

NSE:IDFCBANK   None
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1
IDFC bank is one scrip which has doubled in only three months.From a low of 44 on 24th June to 83. 40 on 28th September the scrip made a double top on 29th september at 83. 40 and corrected to 72.80 on 7th October.
Again made a double bottom on 13th Ocotber with a low of 72.80 and resumed uptrend.

The stock breaks the sloping channel and yesterday closed above it's short time resistance of 74.90.

The next resistance comes to 77.80

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