Stock of the day : IIFL Finance Ltd by Target Rs. 635 - Religare Broking Ltd
IIFL Finance Ltd

Buy IIFL Finance Ltd CMP 602.15 Range 600-603 SL 584 Target 635
* IIFL continues to maintain a steady rising structure, characterized by a higher high-higher low formation.
* The stock has witnessed a fresh breakout from an elevated base, supported by a strong bullish candle and a notable surge in volumes.
* Additionally, prices are trading comfortably above key moving averages, which are positively aligned and fanned out.
* The price action, along with the positioning of the momentum indicator suggests further upside potential. Hence, traders may consider initiating long positions within the mentioned range.
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