15-05-2024 11:40 AM | Source: Religare Broking Ltd
Stock of the day : Indian Railway Finance Corporation Ltd. For Target Rs.168 - Religare Broking

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 Indian Railway Finance Corporation Ltd.

* IRFC has been trading in an upsloping channel from past more than 2 months with supportive volumes.

* Stock witnessed strong upmove with noticeable volumes finding support around the lower band of the mentioned channel.

* Following price action and buoyancy in the railways related stocks, we believe prices to scale higher to test upper boundary of the rising channel.

* Traders can consider fresh longs in the mentioned range.

Buy  Indian Railway Finance Corporation Ltd.CMP 157.30 Range 156-158 SL 152; Target 168


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