IDFC may go to Rs 185, says Rishi Kohli

Rishi Kohli of Proalpha Systematic Capital told CNBC-TV18, "IDFC taken good support at 50 day moving average. Very good bottoming patterns. That stock I have mentioned it many times earlier also in the past and the reason is that over the last one year one and a half years it has made a great cup and saucer kind of formation. So, short-term target of Rs 185 with a stoploss of Rs 150 but medium-term actually even more bullish on IDFC."

At 13:28 hrs IDFC was quoting at Rs 155.20, down Rs 1.80, or 1.15 percent.

The share touched its 52-week high Rs 175.15 and 52-week low Rs 88.10 on 01 December, 2014 and 04 February, 2014, respectively.