 "The stock of IDFC First Bank has maintained a decent base near 54 levels in recent times")
BUY MAH & MAH FINANCE | CMP: Rs 160 | TARGET: Rs 180-195 | STOP LOSS: Rs 150
The stock has indicated a "double bottom formation" pattern near 150 levels, forming a good support base, and has slowly picked up momentum to improve the bias. Currently, a positive move above the 200DMA level of 163 would further strengthen the bias and, with the RSI also indicating a trend reversal, the chart looks attractive. We suggest to buy this stock for an upside target of 180-195 keeping the stop loss of 150.
BUY IDFC FIRST BANK | CMP: Rs 57.25 |
