UJJIVAN has touched its Mar'20 Covid low of 125 and has bounced off the 125 support with heavy volume. We also see bullish divergence in RSI. An ideal candidate for bottom fishing! Buy here for maximum profit potential.
Less risky players can wait for higher low on the Daily chart before initiating long trades.
Ujjivan Small Finance Bank
At the level of breakout possibility. Can buy and accumulate for lng term investment.
Targets: 33, 37, 44
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The key levels to watch out are mentioned in the video. Trade as per the levels mentioned after finding a suitable candle patterns at support and resistance levels.
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5th wave of Wolfe wave is forming near the previous swing low of 197. At the same time lower median line is near the wave. Volume has been average. 205-201 zone must be watched carefully for meaningful entry with sl belwo 194. If price closes back within lower line of falling wedge then probability of strong reversal towards 4th point will be very high. RSI is...
Note: This is for educational purpose only and do not trade in F&O.
Price seems to be making lower lows whereas corresponding RSI seems to be making higher highs. Seems like Bullish divergence. Moreover, there seems to be a formation of bullish inverted hammer at last swing low.
SL: 234₹
