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IIFL Securities : Momentum stock
>> stock testing & trying to break the gap down levels
>> Higher lows are formed
>> Good overall strength in stock and its setup
>> perfect Fibonacci setup
>> undervalued underperformer stock
>> low Risk...
As the price nears the two year high, a close above 129 on weekly chart, hopefully, would trigger an upmove.
Strong support zone between 112 and 104. Below which it is advisable to be cautious.
Always trade with a strict stop loss and risk management.
Note: Not a buy/sell recommendation. Do consult your advisor.
Consolidation Days: 800+ Days
I Post educational chart for 3 Swing / Potential Stocks Everyday.
Check Related Ideas section for more Swing Stock analysis
NSE:IIFLSEC This stock gave a Breakout of falling wedge on daily and flag n pole on weekly , rising from 0.5-0.61 fib support zone on weekly timeframe , expect T1- 110 ,T2 - 117 and as per Flag n pole T3 - 180
