IDFC LIMITED: Best Opportunity to Buy on yearly High Breakout

IDFC Limited is a financial services holding company based in India. It operates through various subsidiaries, including IDFC First Bank (formerly IDFC Bank), IDFC AMC (asset management company), IDFC Alternatives (private equity and infrastructure), and IDFC Securities.

IDFC Limited is a good buy for 2023 due to its strong fundamentals, customised credit card business, focus on online lending, and exposure in corporate funding, the company offers a strong liability franchise, retail franchise, and an attractive return on embedded value of around 20%.Additionally, India's penetration of life insurance is still low, offering potential for growth. Furthermore, the company has recently been cleared by the Securities and Exchange Board of India, adding to the stability of the stock The stock has also given a HEAD & SHOULDER resistance breakout and bullish candle stick pattern, and is currently trading in the ₹87 range. Market experts are expecting the stock to hit ₹100 and ₹120 in the short to medium term,. Additionally, IDFC Limited has delivered a whopping 65% return to its shareholders in the last six months.

Technically the stock looks good for buy at this level which is recently cross above year high & Head & Shoulder breakout.Very good buy above Rs.88 With stop loss rs. 80. Short  medium term target Rs. 120.

Happy investing.

Breakout with Volume -Lemon Tree Hotel

Lemon Tree Hotels Limited is India’s largest hotel chain in the mid-priced hotel sector, and the third largest overall. THL currently operates ~8,400 rooms in 87 hotels around 52 destinations, in India and out of India. Their brands are Aurika Hotels & Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox Hotels, Keys Prima, Keys Select and Keys Lite. As the current pipeline becomes operational, LTHL will be operating ~10,450 rooms in 106 hotels across 64 destinations, in India and abroad.

 The Leon Tree providing best-in-class cost structure, both in building and operating hotels. In an attempt to offer the best Return on Capital Employed to investors, over the long term.

Technically the stocks looks promising in short term. we recommend to buy this stocks  within range  93-96  with target 103 considering support  Support  87-81. Live Chart