Expect lower levels in IDFC: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "IDFC has a very bearish chart. Its relentless decline, four days of consolidation and then there is a sign that the consolidation is giving way. On the charts it is not good. It is a flag like formation telling us much lower levels are coming."

At 10:32 hrs IDFC was quoting at Rs 80.55, up Rs 1.20, or 1.51 percent. It has touched an intraday high of Rs 80.95 and an intraday low of Rs 78.70. The share touched its 52-week high Rs 185.35 and 52-week low Rs 76.25 on 07 January, 2013 and 28 August, 2013, respectively. Currently, it is trading 56.54 percent below its 52-week high and 5.64 percent above its 52-week low. Market capitalisation stands at Rs 12,205.97 crore.