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...
NSE:IIFL Weekly chart of IIFL is indicating supply was absorbed by Smart Money. Closing above 96-97 will take IIFL at least towards 208-250. view is for short term to long term holdings.
Think now is a good time to get in on this for a mid term trade or a long term . it might pull back to 73 which is a good entry since its just poked above resistance and popped back down . 55 was where we have reversed from with 37 being the support below that.So good idea to buy on the flip of 79 into support. or buy a pull back now and chill . Break 79.65...
Stock: IIFL #LongTermTrendChange #AsceningTriangleinMakeing