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IIFL FINANCE LTDIIFL FINANCE LTDIIFL FINANCE LTD

IIFL FINANCE LTD

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IIFL trade ideas

IIFL - Breakout from Bullish Pennant - Swing TradeThe 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 range which is getting narrower everyday, with bullish bias. Now the price has given clear breakout from Bull Pennant Pattern with good volume confirmation. Entry can be made above the high of breakout candle. SL and Targets are shown in image itself. The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management. Feel Free to comment for any queries regarding the above stock or price action analysis in general. Also check out my other ideas to understand how price action works and how it can be used to make regular profits without any complex strategies.
NSE:IIFLLong
by AdityaKarn90
New Market Cycle begun ?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 and we have 140 coming up pretty quick . Read something about this think it was positive news so may have some volume coming in.
NSE:IIFLLong
by CompoundingGain