Trade-Wealth
Long

Descending triangle - Ujjivan

NSE:UJJIVAN   UJJIVAN FIN SERV
241 views
9
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.
Comment: No breakout yet
Comment: Today it gave breakout, buy at CMP 325
Trade active: Above said targets
Trade active
Trade active
Comment: Standing on selling amid pressure
Comment: Weekly also gave break out, hold for 360.

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

Comment: All targets done
Comment: It is break away gap, it may dip or may not. By September expiry 400 is intact.
Comment: 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.

Trade active
Comment: Trading high 372
Comment: 325 to 372 . Good jump
Comment: Revised SL 348
Trade active
Trade active
Trade active
Trade active
Trade closed: target reached

Comments

Nice analysis and early finding boss. You picked it up pretty early, and it followed up quiet well. Impressive.
Reply
@IamRam, 🙏🙏🙏
Reply
Will it turn out to be bearish descending triangle and break the support? Whats your view.
Reply
It should Break down
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out