Market Trading Guide: Axis Bank, IDFC First among 4 stock recommendations for Thursday – ​Stock Ideas

Estimated read time 2 min read
Target Price: Rs 86-88
Stop Loss: Rs 78

The stock has broken out of consolidation on the daily chart and is currently trading above its 21-day EMA, indicating strong upward momentum. Additionally, the RSI shows a bullish crossover, further supporting a positive outlook. Investors can consider buying the stock with a stop loss set at 78 and target prices of 86 and 88.

(Rupak De, Senior Technical Analyst, LKP Securities)

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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