Short Ujjivan below 50 DMA Short

UJJIVAN FIN SERVNSE

Description

⋅ Feb 7, 2019 12:17 PM

Technical view on the chart.

Fundamentally, I could see 2 issues:
1. Overhang of separate listing of SFB
2. Stress in rural economy which might not be reflecting in the current quarterly numbers

Above 200 DMA , the idea gets invalidated