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IDFC First Bank Ltd

Buy IDFC First Bank Ltd Buy Range : 80 - 83 CMP 82 SL 77.7 TARGET 90

* Stock has given a breakout above the falling supply trendline on the weekly chart, confirming a shift in structure.

* Prices are respecting the 50 DEMA support zone, indicating strength in the uptrend.

* Breakout is supported by high volumes, validating the bullish momentum.

* RSI momentum indicator is rising, confirming improving sentiment.

* Looking at the overall price structure, we are expecting the stock to inch higher towards the 90 zone.

* Hence, we advise traders to buy the stock with a stop-loss of 77.7

Ashok Leyland Ltd

Buy Ashok Leyland Ltd Buy Range : 139 - 144 CMP 142 SL 134.5 TARGET 157

* Stock is retesting the breakout zone on the weekly chart, maintaining its bullish structure.

* Sustaining above key levels with higher-than-average volumes indicates strong accumulation.

* RSI indicator is positively placed, confirming bullish momentum.

* Price continues to hold above its short-term moving average, reaffirming trend strength.

* Looking at the overall price structure, we are expecting the stock to inch higher towards the 156.5 zone.

* Hence, we advise traders to buy the stock with a stop-loss of 134.5.

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