Chart -> IIFL Finance Daily
Stock has given good closing above 520, which has acted resistance multiple times.
CMP: 540
Good Range To Buy: 520 to 540
Targets: 573, 618
SL: 508 Daily Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
BUY - IIFL FINANCE LTD
CMP - Rs. 445
Target - 1: Rs. 560
Target - 2: Rs. 650
Target - 3: Rs. 770
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Technicals - Ascending Channel BO
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This is just a view by an expert analyst, please invest at your own risk.
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Chart is self explanatory.
Note : This is not an investment advice. This post is meant for educational purpose only. Kindly do your own due diligence before investing.
Technical Observations
1) Stock has given highest weekly close after Aug 2018, with more than average volumes
2) Making higher lows since June'21 on weekly basis (237, 260, 266, 269)
Looks a long term Breakout
