Stop Loss: Rs 319
Target: Rs 357
IIFLCAPS has decisively broken out of its consolidation zone, registering a clear breakout above key resistance levels on the daily chart. The move is supported by a strong bullish candlestick, signalling robust accumulation and renewed buying interest. The stock continues to trade comfortably above its 20, 50, 100, and 200-day EMAs, reinforcing the strength of the ongoing uptrend. Meanwhile, the RSI at
57.72 is trending higher, indicating improving bullish momentum and suggesting scope for further upside in the near term.
(Kunal Kamble, Sr. Technical Research Analyst, Bonanza Portfolio)
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
