Buy IDFC above Rs 145; target Rs 151: IIFL

IIFL is bullish on IDFC and has recommended to buy the stock above Rs 145 with a stop loss of Rs 142 for a target price of Rs 151, in its April 11, 2013 research report.

"IDFC has been showing resilience in last 2 weeks with trough of Rs 135 holding firmly despite volatile markets. Such a higher bottom formation thus resulted into a breakout from a falling resistance line, which implies that downside risk for the counter is almost over. The RSI on daily chart is taking shape of inverted head and shoulder which reinforces bullish trend in the counter. (Duration 4 days)," says IIFL research report.

Public holding more than 90% in Indian cos

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