The UTI is showing strong support at 485 and forming a close channel.
considering taking a long position on this stock.
Short Term:
Buy above 495.10 for Target of 500 ---- 505 --- 511
Stop Loss: 485.15 on closing basis on daily charts
Long term:
Technically Buy above 503 but the current price is near to stop loss so even this can be considered for buying in distributed quantities.
Target - 554 ----- 598 ----- 650(if it breakout 600 and sustains)
Stop Loss - 476 on weekly closing basis
considering taking a long position on this stock.
Short Term:
Buy above 495.10 for Target of 500 ---- 505 --- 511
Stop Loss: 485.15 on closing basis on daily charts
Long term:
Technically Buy above 503 but the current price is near to stop loss so even this can be considered for buying in distributed quantities.
Target - 554 ----- 598 ----- 650(if it breakout 600 and sustains)
Stop Loss - 476 on weekly closing basis
Trade active:
Short term target reached
Trade active:
Long term Target 1 - of 554 reached. Partially book profit.
Trade closed: target reached:
All targets reached