IIFLSEC BREAKOUT FROM ACSENDING TRIANGLE PATTERNSEEMS BULLISH AS PER CHART PATTERN ON DAILY TIME FRAME.
IIFLSEC trade ideas
IIFL Securities - Long Term Call - Triangle BreakoutLong term call: The one stock that I like the most at the moment is $IIFL Securities. Very tempting chart setup. Either buy it in a gradual manner or wait for the stock to correct to 50 odd (preferred). Keep a stop loss at 43 & look for a 100% upside from the CMP in 10-12 months.
Long ,only above 58 closingLooking out for a breakout above 58 on day closing basis, Targets open. SL 49 Day Closing basis
IIFL SECURITIESBuy IIFLSEC above Rs. 37 for the Targets of Rs. 45 ...
Stoploss- Rs. 33 ....
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Hodling period should be 5-7 days..
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Thank you,
Vishwajeet Sharma
Triangle Formation Stock had already broke out of the triangle. Now, it is retracing back to its lower level. If the stock moves up for next two session, Long call can be initiated.
Rakesh Jhunjhunwala PICK . Worth buying?BUY at CMP of 48 .
NO STOPLOSS and keep accumulating if it goes down.
SELL at 100 by next quarter.
(The current PE of this stock is 1.6 as compared to its peers which have 10 and also it has a market share of 10%).
