hardeepssethi

uflex - Breaking Upper Channel

hardeepssethi Updated   
NSE:UFLEX   UFLEX LTD

uflex is undervalued stock with a potentially attractive risk-to-reward ratio at its current price level.
  • If the stock reverse from current direction, its recent 52-week low of INR 338 would serve as an exit point.
  • On the other hand, if the stock were to move upward, the first target to watch for is around 394.
  • On daily chart it seems created demand Zone (Drop Base rally), Upper channel of Drop Zone has been broken.

Note This is for educational purpose only.
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