LKP Spade : A Weekly Pick - Buy IDFC First Bank Ltd For Target Rs.102 - LKP Securities
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IDFC FIRST Bank Ltd
* The stock has been trading in a strong uptrend with higher high and higher low formations in the daily chart.
* The momentum oscillator RSI has entered above the level of 60, which confirms the strength of the stock.
* The stock is finding support at its 20dma, which is currently at 86, and the potential upside targets are 97/102.
BUY IDFC FIRST Bank Ltd @ Rs. 92-91.5 Stop Loss Below Rs. 87 Target CB Rs. 97/102 Duration 1 Week
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