Vikas_Narayana

Long Term Bearish UFO Moviez. Correction still in place!

Short
NSE:UFO   UFO MOVIEZ INDIA
UFO might seem to run and go towards Rs100-115 but I believe it will be a Buyer Trap for us. Long term perspective is bearish.

But if any how this scrip shows good numbers and profits in quarterly results and the price closes above Rs120 on a weekly basis the trend shall change to bullish.

Until this doesn't close above Rs120 DO NOT BUY for investment or long term.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.