MrAkshatP

Channel Breakout { Very Bullish }

Long
NSE:UJJIVAN   UJJIVAN FIN SERV
Ujjivan Fin Serv has beautifully took support over the support line and broke the channel with a very big no. of volumes...

Points which confirms Bullishness :

1. Took support on support line and based on that support, It has broken Channel...
2. Very High no. of volumes traded on the last trading day of week..
3. Looking towards higher time frame (weekly) A very Bullish Engulfing candlestick pattern is formed..

Charts are clearly indicating that it may touch 450 zones again...

Targets are 335/350/370/390/420/450+
SL: 305

Risk Reward Ratio is perfect....

Note: Do your own study before making any position...
Please Like, Follow and Comment your views below...
Trade active
Trade active
Trade active
Trade active: started moving towards 1st target
Comment: retesting support line can see enter near support line with strict SL
Comment: *can enter near support line with strict SL...
Trade closed: stop reached: SL triggered
Trade active
Trade closed: target reached: 1st two target reached :D
Trade closed manually

Comments

Amused to see how the trade was closed and reactivated LOL...
+1 Reply
MrAkshatP riyase77
@riyase77, yes that time it was not having momentum... Now it has... :)
Reply
riyase77 MrAkshatP
@MrAkshatP, What was the reason of missing the momentum in the first analysis?
+1 Reply
MrAkshatP riyase77
@riyase77, In technical analysis we can only predict, it all about probability .... momentum depends on demand and supply ...... that time it was not having much demand .... now its in demand zone go for it.... :)
Reply
I feel the steam is intact
+1 Reply
@shaqqs, yes :D
Reply
It indeed was very bullish especially with the candlestick pattern on the weekly chart.
+1 Reply
MrAkshatP kewlguyforyou
@kewlguyforyou, yes but now it is not performing as per expectation...
Reply
Hi. Done a good job. What is the channel u were used.
Reply
MrAkshatP varun.avira
@varun.avira, ????
Reply
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