🏦 IIFL Capital: Breakout in Motion — Early-Stage Uptrend

Technical View:

continues its breakout from ₹310 with rising volumes and RSI at 71.8, reflecting strong momentum. The 21-EMA at ₹306 now acts as a base. Above ₹340, the stock is positioned for a continuation toward ₹385–₹400. Support: ₹320 Resistance: ₹385 Setup: Fresh breakout with expanding volume base. Fundamental View: Strong momentum across wealth management and advisory arms, expanding client assets, and digital initiatives support growth. Mid-cap valuations remain attractive. Outlook: Short-term trend intact; suitable for momentum traders. 🎯 Target: ₹390 (+13%) | 🛑 Stop-Loss: ₹315 | ⏳ Timeframe: 7–12 sessions