Buy IDFC, says Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy IDFC.

Sukhani told CNBC-TV18, "IDFC is good for more. It is an example of how technical traders can change their views based on chart patterns. We were bearish on it from Rs 200 downwards but at this point it seems that the downtrend is over. It made a bullish head and shoulder pattern. It’s broken out of it."
He further added, "Yesterday’s gains are continuation of what is likely to be a significant upmove, obviously that upmove will take its own time but for the near-term IDFC is good for more before it consolidates or even decides on a correction. Currently it should be bought into. It’s one of the better stocks now."