IDFC yet again has come to the bottom of the channel . We can again expect a bounce . Investors can look to buy at 108-115 levels with a stop of 103 and a tgt of 130 in short term and 160 in medium term.
Hindalco seems to have taken a good crack and is placed crucially around 140-148 . Investors with a long term view can buy 30 % at 140-148 and then rest closer to 125 which is a good long term support.
Best Regards,
Nooresh
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