Day Trading Guide: IDFC First Bank among 5 stock recommendations for Tuesday – Stock Ideas

Buy on dips near Rs 3,000
Target: Rs 3,500
Stop Loss: Rs 2,750

Currently, LTTS is trading near Rs 3,000 mark which has been the previous demand zone. On the weekly scale; the RSI (14) has sneaked below the 30 mark and historically the stock has bounced from these levels (apart from year 2020). Even the daily RSI is displaying positive divergence. Thus, we advise traders to go long on LTTS on dips near Rs 3,000 with a stop loss placed at Rs 2,750 for an upside target of Rs 3,500.

(Mehul Kothari, AVP – Technical Research, Anand Rathi Shares & Stock Brokers)

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