IIFLCAPS had been consolidating near its long-term support zone, indicating steady accumulation at lower levels. Recently, the stock closed above a key resistance level, suggesting a potential breakout with bullish intent. It is currently trading above its 50-day EMA, which confirms positive trend alignment. The Relative Strength Index (RSI) is at 64.69, reflecting strengthening momentum without being overbought. This technical setup points toward a possible trend reversal and presents a favourable opportunity for swing traders looking for medium-term upside