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Long

Descending triangle - Ujjivan

By Trade-Wealth
Updated
UJJIVAN has formed descending triangle on daily charts, one can buy above 330 for target of 340,350 & 360 SL. 325.
Without breakout the pattern is failed.
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No breakout yet
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Today it gave breakout, buy at CMP 325
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Above said targets
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Standing on selling amid pressure
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Weekly also gave break out, hold for 360.

snapshot
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T1 & T2 done
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It appears like break away gap; igniting big uptrend. Will watch and decide above 350.

snapshot
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All targets done
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It is break away gap, it may dip or may not. By September expiry 400 is intact.
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Ujjivan has given fresh break out on double bottom chart with break away gap. Volumes are high, considering these facts, one can hold for fresh longs. targets around 380, 390 & 400.

snapshot
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Trading high 372
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325 to 372 . Good jump
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Revised SL 348
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Trade closed: target reached
Chart Patterns
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