Stock of the day : IIFL Finance Ltd by Target Rs. 596 - Religare Broking Ltd
IIFL Finance Ltd

Buy IIFL Finance Ltd CMP 561.60 Range 560-562 SL 543 Target 596
* IIFL formation reflects sustained bullish momentum, with price breaking prior swing highs on expanding volume.
* Price action remains firmly above key moving averages, reinforcing trend strength, while retracements are shallow as demand emerges on dips.
* Recent structure indicates a well-defined rising channel with decisive follow-through supported by increasing participation, signaling continued accumulation.
* Long positions near current zones remain technically justified to align with the prevailing upward trend.
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SEBI Registration number is INZ00017433
