1. Price bounced 18%+ from support
2. Downword channel - High probability it may give breakout on up side
3. Main trend is bullish
4. Buy on dip with proper risk would be a good idea
5. ATH can be seen
📌SWING TRADE FOR NEXT WEEK🚀
I am a swing trader by passion i only trade on swing stocks.
📌I post daily SWING CHARTS analysis on my trading view profile..
so let's start
📌TRADE ANALYSIS OF UTI :-
•Breakout of symetrical pattern on DTF with strong candle
•Break counter trend line and hidden lines
•Volume increases last few weeks high
I will buy RECLTD because :
It has been taking support at the trend line .
It has been consolidating and give big move soon.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 132/129
Target : 155
Stop loss : 125