FourSTechnicalAnalysis

UJJIVAN READY FOR 125% RETURNS | 1:5 R2R SETUP IN UJJIVAN

Long
NSE:UJJIVAN   UJJIVAN FIN SERV
Hi Friends,

Another Great Setup that should definitely be on your radar. This is a positional trade with 20-25% STOPLOSS and a WHOPPING 125% TARGET

MAJOR LEVELS are marked on the charts and detailed explanation below. LIKE | COMMENT and SHARE your thoughts

1. UJJIVAN has been trading in a DESCENDING CHANNELS Since its INCEPTION
2. Has attempted to breakout from the channel multiple times and failed (evident from the charts)
3. On the Downside it has a strong support zone ( DEMAND ZONE ) : Depicted by the rectangle area
4. This zone has been tested 3 times and has shown strong buying momentum in both Weekly and Monthly Timeframes
5. Given the small STOPLOSS and A Phenomenal Risk To Reward Ratio , once should NOT MISS THIS TRADE

The TARGET LEVELS are marked on the CHARTS

Immediate Hurdle for the STOCK would be
1. The DESCENDING TRENDLINE (depicted in the charts)
2. The CHANNEL HIGH
3. The LAST LOWER SWING HIGH

As long as there is a retracement of not more than 50% FIB , You should HOLD your positions

BREAKOUT from HERE ON would SEE MAJOR RALLY !!!!

3 ENTRY LEVELS have been provided to suit different trading style
AGGRESIVE - ENTRY 1
CONFIRMATORY with BREAKOUT OF TRENDLINE - ENTRY 2
CHANNEL BREAKOUT TRADERS - ENTRY 3

Comment IF YOU have taken POSITIONS OR Plan to Take !!!

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