IIFL trade ideas
IIFL - RBI Crackdown🎯The chart is pretty self-explanatory as always!
🎯RBI barred IIFL from disbursing new gold loans. The 20% Drawdown was triggered by the very same news.
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
IIFL: Easy 80%+ Upside Potential!1. Bouncing from Crucial Demand Zone: the stock is rebounding from significant demand and Fibonacci support zones.
2. EMA Confirmation: The Exponential Moving Averages support this upward move as marked on the charts.
3. Strength in Price Action: Strong candle formations...
4. Position details:
- Current Market Price (CMP): ₹470
- Stop Loss (SL): ₹370
- Take Profit 1 (TP1): ₹670
- Take Profit 2 (TP2): ₹870++
5. Overall Outlook:
- At least a breakout above the last swing high is expected, signalling a potential strong uptrend.
Just A View - Gap Fill - IIFL📊 Script: IIFL
📊 Sector: Finance
📊 Industry: Finance & Investments
Key highlights: 💡⚡
📈 There was a huge gap down on 4th March and 5th March so, Script may fill the gap.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 424
🟢 Target 🎯🏆 - 600
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂
Breakout from downward sloping line in IIFL FinanceHi,
Banking & Finance sector is doing well in India and is expected to continue performing. This gem is available at PE below 15 and is showing signs of accumulation in range of 400-500 since mid 2022. Based on volume on today's price action and breakout from downward sloping line , the script is expected to gain momentum and break all time highs soon.
The stop loss can be below 400 on weekly closing basis and we can see the levels of 625 and 1000 on the chart based on the Fibonacci levels.
As the script has been showing strength above 400 for a while, its a decent risk to reward considering momentum picking up in the script.
Note: As we have strict guidelines, the shared idea is just for learning on how to read & analyse charts and not recommendations of any sorts. Take it with pinch of salt :)
Enjoy & Happy Trading !
Resistance BreakoutPlease 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
IIFLNSE:IIFL
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
IIFL - Bullish Swing ReversalNSE: IIFL is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
IIFLIt offers a wide spectrum of products such as Home loan, Gold loan, business loan, microfinance, capital market finance and developer & construction finance, etc
Market Cap
₹ 16,930 Cr.
Stock P/E
12.6
Book Value
₹ 220
Pledged percentage
0.00 %
Reserves
₹ 8,283 Cr.
Price to book value
2.02
Int Coverage
1.57
PEG Ratio
1.09
Bullish - Trading above 10 , 21,63 , 100 and 200 EMA - TARGET 521