TukkaNomist

Short term buy

Long
NSE:UJJIVAN   UJJIVAN FIN SERV
5th wave of Wolfe wave is forming near the previous swing low of 197. At the same time lower median line is near the wave. Volume has been average. 205-201 zone must be watched carefully for meaningful entry with sl belwo 194. If price closes back within lower line of falling wedge then probability of strong reversal towards 4th point will be very high. RSI is already at 25. Another dip in price could take it between 15-24, in deep oversold zone.

Very important level : 177 and 265

Disc : it's not an investment advice to buy or sell

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