NeeteshJain

UJJIVAN - BROADENING WEDGE IN PROGRESS

Long
BSE:UJJIVAN   UJJIVAN FINANCIAL SERVICES LIM
It is been observed that the price action is consolidating at the bottom in a broadening wedge pattern. It is at the make it or break it situation. It has good support at 310 levels and then 290 levels. Currently, at a look risk and high potential profit scenario. Now, today's closing shall matter a lot.

Target 1: 322

Target 2: 330

Stoploss: 310
Trade active
Comment: SL revised to 304-305
Comment: Due to results day, there will be volatility and closing price shall further decide the movement on the same.
Comment: Ujjivan opening at strong support zone of 290-285 as mentioned before, which is a good opportunity to buy at current levels and exit around 305 levels
Comment: It is at 322 levels and now a close above 322 will lead to 330-340 levels.

Thanks
Comment: As I said before in Ujjivan in the group chat that I shall be looking at Hourly close in order to determine the action and good news it that it closed above 300 levels on hourly chart indicated that the big players are still in control after all speculation. Now, if it manages to close above 322 levels on hourly chart or daily then it shall further excel the rally to 330-340 levels. Hope you had a good one. Regards
"Just remember that closing matters in trading"