Long
IIFLWAM price action analysis - Bullish
$NSE:IIFLWAM is in a ttm squeeze with increasing momentum which indicates that a big move up can happen anytime soon. I am bullish because of the following reasons:
1) It's at all time high and currently standing at the major resistance level which it tested recently.
2) Current candle is very bullish and has a good volume compared to previous candle.
3) The volume seems to be increasing from past 3 days
3) It's forming cup and handle
If it manages to attract more buyers and keep up the volume, it can give a nice breakout. But if it fails, then it could reverse from here. We will see what next week brings. Happy trading!
1) It's at all time high and currently standing at the major resistance level which it tested recently.
2) Current candle is very bullish and has a good volume compared to previous candle.
3) The volume seems to be increasing from past 3 days
3) It's forming cup and handle
If it manages to attract more buyers and keep up the volume, it can give a nice breakout. But if it fails, then it could reverse from here. We will see what next week brings. Happy trading!
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.