UFLEX has formed inverted H&S on daily chart. Volume was decent on head, near the breakout and after breakout. It has bounced from both neck line and support line around 229. We'll wait for counter to close above BB mid line and 257 (swing high) for confirmation of start of uptrend to achieve pattern target. RSI and CCI has given MA cross over but it's very minor...
Uflex is in dntrend, but if 200 level sustains and mfi and adx shows divergence and strength may be a turnaround case, the company business seems good prospect. Huge Positive volumes at 200 138 and 106 can be seen earlier. Pls comment on my thoughts
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