IIFL Finance — Hitting Fresh Highs 💹

Finance gained 1.8% to ₹578.9, marking another session of strong buying as financial stocks continue to outperform. Technical View: Price making consistent higher-highs with RSI (14) near 68.7, indicating healthy bullishness. OBV rising steadily, confirming sustained accumulation. Breakout continuation expected above ₹582; support near ₹565. Bias: Bullish with momentum confirmation. Fundamental View: Solid Q2 performance with AUM growth and lower NPAs. Expanding gold loan and microfinance segments supporting steady yield. Positive outlook for NBFCs amid falling cost of funds and credit demand recovery. Outlook: Strong trend continuation above ₹580 can push price toward ₹595–₹605 zone; maintain bullish bias while above ₹560.