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.
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.
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