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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SEBI Registration number is INZ000174330
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