IDFC LTD: DIWALI 2023 PICK

Stock has given a breakout of 15 years of range and rising in an impulsive manner. The impulse will be unfolding into a five structure of which 'Third-wave' is unfolding. An we already know that Third waves are the wonder to behold. Stock has a potential to reach 220-240 in the coming 1-2 years. On the downside major support is at 75. Only a sustained closing below 75 will force us for the re-assessment of the idea. Until then we are aggressively bullish on the stock for 220-240 zone and beyond that in the coming years.

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