IFL Holdings Limited is a holding company. The Company’s segments include fund based activity, financial product distribution, capital market activity and others.
1. Its long-term trend is up as price is making a higher top higher bottom formation and mid and long-term EMA’s are moving upwards.
2. The price has a tendency to bounce at the 200 EMA and that is its stock personality. This occurs due to investors finding value at these dynamic support levels. This is a classic accumulation spot and investors have to add this script on the dip (Dip means 200 EMA). Once in few years, this script will be available at 365 EMA and that will be like a golden area to add.
3. The best price to add the script would be in the following Demand Zones on Daily, Weekly, and Monthly time frame. One can start accumulation in these areas.
4. If we consider the swing 165 – 342, we can observe that price has bounced back from 50% retracement level and has rallied since then. Fibonacci extension projects the price at 403 and 445. Short term traders can expect these price from CMP (317.65). However, it’s the best price is at the daily and weekly demand zones.
This script is to be held for a long-term (2-3 years) for a 100% appreciation owing to excellent fundamentals.
P.S.: This analysis is invalid below 230