IIFLSEC is taking support at demand zone after a fall. Volume was gradually decreasing during the fall. 119 is seen as a strong support. There is a potential to deliver 36% in a short/mid term.
Look for areas where the price has consistently reversed or stalled. Once established, use additional indicators such as moving averages, Fibonacci retracements, or trendlines to confirm these levels.
When trading, focus on price action around these zones. Buy near support when there's a bounce, and sell around resistance during pullbacks. Utilize candlestick...
IIFLSEC
1) Time Frame - Monthly.
2) ALL TIME HIGH breakout in monthly.
3) Primary trend will act as a resistance / profit booking zone in the long term at (Price 204).
4) Recommendation - Strong buy
IIFL Securities Ltd has given a breakout on a weekly and a monthly time frame chart. It has a possible upside of 145,178. One can place a stop loss of 113 on a weekly closing basis. Also, good volume can be seen on monthly as well as weekly time frames.
Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must...
#IIFLSEC trading above Resistance of 128
Next Resistance is at 196
Support is at 86
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose...
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.
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking...
Consolidation Days: 800+ Days
I Post educational chart for 3 Swing / Potential Stocks Everyday.
Check Related Ideas section for more Swing Stock analysis
IIFL Securities - Parallel Channel Breakout
Parallel channel breaksout after long time and expected to hit target 1 and target 2 in next upcoming weeks
