This stock is trading in a parallel channel in W TF, there is pattern inside it and given a BO today. I have made a swing trade setup small SL and good TP. DISCLIMER: This is not a call.
371.75 resistance level, breakout possible , 411.00 on cards , all time high should be comfortable
A multiyear breakout and breaking highs with consistent good volumes. Monthly charts forms a Cup & holder pattern which indicates a bullish trend. Fundamentally strong company with immense focus on digital initiatives.
The Stock is moving in a channel and It has given Rounding Bottom breakout on daily chart. Good delivery volume indicates bullish movement expected. Price is likely to move up to 400/415 in short term time frame.
IIFL making asc channel and going toward channel high with good volume
It gives knowledge about how to use the previous data of charts by using trendline,support,etc.
This made only for learning the price action for getting the knowledge
IIFL seems ready for breakout made solid doji on dialy candle, should wait for breakout from last day high
IIFL seems ready for breakout made solid doji on dialy candle, should wait for breakout from last day high
Hi All, Buy IIFL finance limited. The stock is in upside trajectory even in weak market, which shows that it has strength. The targets have been mentioned in the chart. Keep stop loss as per your risk taking ability. **Ideas are my own**Invest as per your risk taking appetite**
IIFL. 60 Min Chart Symmetrical Triangle Break-out. Can Buy Above 119 for Target of 122.85, 129, & 132. With STOPLOSS of 116.25 Disclaimer I am not SEBI REGISTERED Analyst. My Studies are Educational purpose only Consult with your financial advisor before trading or investing
The above analysis is done purely on basis of Price Action & Chart Patterns. The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets As can be seen in the image, price was facing resistance from 94-100 zone. It gave breakout from that range with huge volume. Thereafter the price started consolidating in a narrow...