UnknownUnicorn4260559

UFLEX : Buy on close above 257

Long
NSE:UFLEX   UFLEX LTD
UFLEX has formed inverted H&S on daily chart . Volume was decent on head, near the breakout and after breakout. It has bounced from both neck line and support line around 229. We'll wait for counter to close above BB mid line and 257 (swing high) for confirmation of start of uptrend to achieve pattern target. RSI and CCI has given MA cross over but it's very minor difference. So, we'll wait for close above 257 in next 2-3 sessions to understand the strength of reversal.

Buy only on daily close above 257 with stop loss of 225 on closing basis for target 325-354.

If you like the idea then please click on like button. It will help us to understand preference of our audience

Comments