Idfc first bank gave a beautiful long breakout on 23 april and consolidating after that in a range, We can initiate buy at 53.80 or above 55.55 for a good target
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After a long time day candle has closed above the 50 DMA. Sentimental RSI indicator is also green .This looks bullish set up. I would keep a stoploss near 39.50 - 40. My near term target would be 50.
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