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Bullish Outlook on DCHL, Hexaware

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IDFC
Current Price: Rs 189.5
Target Price: Rs 195

The stock has seen a V-shaped surge from a recent bottom around Rs 140. It has developed very strong volume action in the past couple of sessions. The target on this formation should be about Rs 195 and it could go further. Keep a stop at Rs 185 and go long. Increase the position between Rs 192 and Rs 194, and reset the stop-loss to Rs 190. Start booking profits above Rs 195. If you can hold for three sessions, set a target of Rs 205-210.

TCS
Current Price: Rs 775
Target Price: Rs 760

The stock has seen heavy selling and this trend could continue. It has a three-session target of around Rs 745, but there is support at Rs 760, where the scrip should rest today. Keep a stop at Rs 780 and go short. Increase the position between Rs 769 and Rs 771. Below Rs 762, start booking profits. If you want to hold an "overnight", keep a target of Rs 745 and a stop-loss at Rs 770.

The target price and projected movements given above are in terms of the next one trading session unless otherwise stated

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