π IIFL Finance Plunges Over 10% | Breakdown Alert π¨
IIFL What Triggered the Fall (Past Week Only)?
No fresh negative news in the public domain over the last 7 days.
Todayβs sharp sell-off appears to be purely technical and volume-driven, possibly due to:
Stop-loss cascade after channel breakdown.
Profit-booking by institutions post stellar FY24 rally.
Sentiment spillover from broader NBFC weakness.
#TechnicalViews#WatchOutFor
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