Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "IDFC is bottoming out. It is falling, but I wouldn't sell. This bottoming out process takes months sometimes. Unfortunately, it tells us that we cannot buy it, we cannot sell it, we simply avoid it. Next trade in this will be to go long whenever that happens."
On September 25, IDFC closed at Rs 90.10, down Rs 2.10, or 2.28 percent.
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.
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