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#IIFL (Cmp: 309.40)

Stock has formed cup and handle pattern and given a breakout of handle pattern on daily chart. Pattern resistance stands at 313.45 level as marked on chart. Positional traders can accumulate stock from current levels (cmp) to lower dips upto 295 level. Expecting upside moves upto 335-340+ level in coming trading session with the help of 280 as a support level for the stock.

Positional risky traders can hold with trail stoploss for targets upto 370-390+ level.

Disclaimer: Above provided view & recommendation is posted for educational purpose. There is a risk of loss in investing or trading in securities (cash or futures or options) which you should be aware of prior to making an investment/trading decision, including the possible loss of principal. You are responsible for all investment decisions you make including understanding the risks involved, even if it is based on information. Therefore. before taking any financial decision you are requested to consult with a financial expert.