Direction finding with a handheld receiver is very much possible:
1. Hold the receiver/scanner mostly upright, close to your body and look at the signal meter, or listen to the signal. A functioning meter is best though. Slowly turn in a circle and see where the signal is strong and weak. This is called body fade, as your body acts as a shield. Move a reasonable distance and keep doing that spin to get an idea of the direction of the signal, then keep moving toward the signal and keep doing the spin move.
2. Once the signal gets too strong, no difference on meter, turn on attenuation. If the attenuation is too much, simply dial it slightly off frequency instead and spin again.
3. When you get close, turn on attenuation and dial slightly off frequency as well. Turning your back to the signal to block the radio instead of facing it at that point will give you an idea of the direction, or you may be nearby if the signal is quite strong.
3. b. Once you feel you are quite close to the signal, dial your receiver to the third harmonic frequency which is 469.8 MHz. This attenuation really helps with strong nearby signals along with the body fade movement. You may or may not need to enable the additional built in attenuation at that point.
Initially, your movement may require a vehicle/skiff. As you get closer, stronger signal, you may be on foot. This method of direction finding has been around for years and I have used it myself successfully during amateur radio fox hunts where driving for miles was involved at times. If you want to experiment/practice while that signal is offline, dial up a nearby transmitter that is always on. Perhaps a local airport ATIS, but not a broadcast FM station as that signal is too strong. Having a signal constantly transmitting makes it much easier to find. With amateur radio fox hunts, the signal is mostly off in order to simulate a situation where a person is performing limited transmitting with a handheld radio in order to save power.
One improves with practice.