IFL Finance Limited BUY Setup Entry: ₹506-508 (Current Level)
Target 1: ₹516-520
Target 2: ₹525-530
Stop Loss: ₹495
Technical Rationale:
Stock trading above EMA (469.90), showing bullish momentum
RSI at 68.69 indicating strength but not yet overbought
Price consolidating in a rectangular pattern between 490-507
Recent breakout with strong volume (2.38M)
Support from rising trendline visible
+4.43% gain today shows buying interest
Risk-Reward: Favorable 1:2+ ratio
