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RA Anupam Bajpai

23rd May 2025 · SEBI-Registered Analyst

IIFL
A proper sideways chart pattern has been seen on the chart of
IIFL
On 13th May 2025 crossover has been seen between 20 and 100 moving averages in the upward direction, which indicates a further rise in stock prices and Also, on 13th May 2025, the stock price gave its closing about 200 moving average and From then on, the stock price is trading above the 200 moving average On 20th and 21st May 2025, the stock price has taken support from 200 moving average and closed above it After the consolidation phase of approximately one week Now, the further rise in stock price may be seen will be bullish until the stock price is stating about the the 200 moving average A 200-day moving average will act as an important support level The important resistance level is 418 RSI is currently at 68

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Screenshot 2025-05-23 233055.png
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