ShreeKrishna
Long

New Pattern ( 1 st time identified )

NSE:UJJIVAN   UJJIVAN FIN SERV
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2
Stock market is always very surprising , and changing pattern gives an Questionable moment to Most Analyst

This is 1st time i have come across such an small structure of Contracting flat , i do not know much what is behind driving this instrument in such

an aggressive manner

My Point is Contracting flat usually occur during 5th wave where people at large think different as its still need to correct as per wave theory or whatever theory

but institutions never let any to notice and they make contracting flat and they move on towards next leg of momentum ,

i never saw such an small contracting flat on daily time frame , its un-usual but now i am confirming its in last move of current impulse leg

Since its last move i would advise for small Quantity in equity and if you are holding look to book using 2 hour candle low as trailing stop

Good luck
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