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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IIFL
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.
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Disclaimer:
This is for educational purposes only.
IIFL Finance limited: Initiate buy and hold stockHi 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 - 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.