Channel Breakout { Very Bullish }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...
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