UTIAMC showing a triangular breakout

Nov 30, 2023

Being a pioneer in the mutual fund industry, this company is heavily relied on, especially due to the index funds it is running. This company after a long period since listing in late 2020 (maybe) and touching the top in September 2021, has now shown a good breakout from a triangular consolidation pattern. The consolidation was quite long between the price range of 620 and 860. While the strength is yet to be seen, maybe it will show up after crossing 860. Let's see how it works!

Jan 10

Trade active

It has been slow and seeing a retarded movement but financials and other factors doesn't show any weakness and a recent broken-out level of 862 might help it get further. It touched its 900's level 2-3 times but came back from it. Let's see how it performs above 862.