📊 IIFL Finance Ltd – Bullish Breakout with Rising Wedge Confirmation
🔎 Technical View:
• Strong breakout after sustained consolidation
• Price trading above key moving averages
• Higher High–Higher Low structure remains intact
• Momentum indicators continue to support the bullish trend
🔑 Key Levels:
• Support: ₹546 – ₹530
• Major Support: ₹503 – ₹481
• Resistance: ₹560 – ₹568
🚀 Targets:
• ₹568
• ₹589
• ₹610+
📉 Risk:
A daily close below ₹530 may weaken the bullish structure and lead to profit booking.
📈 Trading View:
👉 IIFL Finance is witnessing strong buying interest with improving momentum. A sustained move above ₹560 could trigger the next leg of the uptrend towards the mentioned targets.
⚠️ For educational purposes only. Not a buy/sell recommendation.
— AALGO BREATHS 📊