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IIFLWAM price action analysis - Bullish
$NSE:IIFLWAM is in a ttm squeeze with increasing momentum which indicates that a big move up can happen anytime soon. I am bullish because of the following reasons:
1) It's at all time high and currently standing at the major resistance level which it tested recently.
2) Current candle is very bullish and has a good volume compared to previous candle.
3) The volume seems to be increasing from past 3 days
3) It's forming cup and handle
If it manages to attract more buyers and keep up the volume, it can give a nice breakout. But if it fails, then it could reverse from here. We will see what next week brings. Happy trading!
1) It's at all time high and currently standing at the major resistance level which it tested recently.
2) Current candle is very bullish and has a good volume compared to previous candle.
3) The volume seems to be increasing from past 3 days
3) It's forming cup and handle
If it manages to attract more buyers and keep up the volume, it can give a nice breakout. But if it fails, then it could reverse from here. We will see what next week brings. Happy trading!
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。