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Published on 14/03/2019 4:00:42 PM | Source: Choice Broking Pvt Ltd

Buy IIFL Holdings Ltd For Target Rs.448 - Choice Broking

Posted in Broking Firm Views - Short Term Report| #NBFC #Trading Report #IIFL Holdings Ltd #Choice Broking

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* On a daily scale, the stock has given a breakout of its falling trend line which suggests a robust upside movement in the counter.

* Moreover, the stock has given a breakout of its previous resistance which shows further upside movement can be seen in the counter.

* Furthermore, the stock has started to trade above its 50 Days Exponential Moving Average which signals for a positive move in the counter.

* A daily momentum indicator RSI reading is at 62.23 level with a positive crossover and trending upward which points out for a positive breath in the stock.

* Based on the above technical structure, we are expecting an upside movement in the counter in few trading sessions.

Recommendation

Buy IIFL Holdings Limited @415.00 Stop Loss 398.00 Target 448.00

 

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