IDFC has broken out of a rectangle in daily charts and has given a bullish engulfing pattern on weekly charts. The strong bullish engulfing suggests that the stock has more strength on upside. Any dips towards 161-163 may be utilized as an opportunity to buy. The trade plan for IDFC is as follows:
|Trigger Price 1||161-165 Range|
|Trigger price 2||>169.50|
The stock has been trading in a narrow range for quite sometime. In addition, the narrow neck of Bollinger bands in daily charts suggests a strong move in near term. The trade plan for Titan is as follows:
3. LIC Housing Finance:
A tight consolidation on daily charts suggests that the stock is ready for a fresh up move. Any break above the resistance levels of 472 may take the stock to the levels 490 odd levels.
|Trigger Price 1||460-465 Range|
|Trigger price 2||>472.50|
The terms used is respective trade plan has been explained here.