IDFC: The Stock of IDFC has been trading on lower levels for last couple of days. Recently an upside breakout was witnessed in the stock. The Stock once again is in the accumulation stage. Short term outlook for this script is bullish. If the stock move up above the resistance level of Rs 116, one may consider it buying for the short term target of Rs 121-124. Technically the stock has the support level at around 111.
Bharat Forge Limited: Manufacturer Bharat Forge Limited is trading at the high of 52 weeks. Considering this pace in the stock if one buys it may get good returns in near term. There may a correction on the chart in successive trading sessions. Since it has already passed the major resistance level. Traders eying short term gains may buy this stock at current market levels for the Target Price of Rs 416-420 while maintaining stop loss at 390.
SAIL: New Delhi India based Steel Authority of India Limited is one of the largest state-owned steel-making company. Although the stock had made a extreme low in last trading session but it is now in recovery phase. The script may witness a fresh buying in the shares in next upcoming days. One with a short term perspective may buy this stock for the target of Rs 59-60 with stop loss at 52.60.
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