Stock of the day : Buy IDFC First Bank Ltd For Target Rs. 93 - Religare Broking Ltd
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IDFC First Bank Ltd
* IDFC First bank has been gradually inching higher from the past 10 months and has closed near the record highs.
* The stock has witnessed a breakout from the base while holding above the support zone of short term moving average i.e. 20 EMA.
* The price action combined with the uptick in volumes, indicates bullish tone to continue.
* We thus recommend creating fresh longs in the mentioned zone.
Buy IDFC First Bank Ltd CMP 87.20; Range 86.50-87.50; SL 84; Target 93
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