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Trade-Wealth
Aug 16, 2017 12:06 PM

Descending triangle - Ujjivan Long

UJJIVAN FIN SERVNSE

Description

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

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Above said targets

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Comment

Standing on selling amid pressure

Comment

Weekly also gave break out, hold for 360.

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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

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Trade closed: target reached

Comments
IamRam
Nice analysis and early finding boss. You picked it up pretty early, and it followed up quiet well. Impressive.
Trade-Wealth
@IamRam, 🙏🙏🙏
sausawan
Will it turn out to be bearish descending triangle and break the support? Whats your view.
naitikgolakiya
It should Break down
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