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
Trade active
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Short term target reached
Trade active
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Long term Target 1 - of 554 reached. Partially book profit.