MOMENTUM TRADE IN UJJIVAN FUT APRIL (FUT)MOMENTUM TRADE IN UJJIVAN FUT
APRIL FUT
BUY@324
STOP@314
TARGET@334 ST
TARGET@344 LT
LOT:1600
QTY:3
NEGATIVE DIVERGENCE SEEN
TRADE WITH STRICT STOP
GOLDEN CROSSOVER SEEN (50-DMA C/O 200-DMA)
UJJIVAN
NSE: Ujjivan Finance possible shortPossible short Ujjivan finance with stop loss above 290
Target insight 261, 221
Use stop loss
Short Ujjivan below 50 DMA Technical view on the chart.
Fundamentally, I could see 2 issues:
1. Overhang of separate listing of SFB
2. Stress in rural economy which might not be reflecting in the current quarterly numbers
Above 200 DMA , the idea gets invalidated
UJJIVAN: SELL at 198 SL of 217 TGT of 166UJJIVAN has gaped down with sell in huge volumes. Its a breakdown from previous 52W lows.
Sell UJJIVAN UJJIVAN only around 198 with Stop loss of 217 and Target of 166.
Bearish Gartley Pattern risking Small AmountGartley Pattern has formed nicely and yesterday spike bar is suggesting the forthcoming weakness also, so I am shorting the stock at current level with yesterday high as Stop loss. If it works we can easily expect 2.5 -3 times rewards to the risk being taken.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
Ujjivan - A Technical BuyBuying with SL as day close breakdown below Green trend line. (about Rs.10 risk or ~ 3%)
UJJIVAN Range BreakoutUJJIVAN has been moving in a range for a while, respecting the median.Been in the bottom range for long.
Currently testing the neckline again for a possible breakout or reversal.
UJJIVAN - BROADENING WEDGE IN PROGRESS It is been observed that the price action is consolidating at the bottom in a broadening wedge pattern. It is at the make it or break it situation. It has good support at 310 levels and then 290 levels. Currently, at a look risk and high potential profit scenario. Now, today's closing shall matter a lot.
Target 1: 322
Target 2: 330
Stoploss: 310
Buy Ujjivan Fin Serv with target 420Ujjivan has retraced up to 32% of fibo level and it seems to be approaching the resistance 23% of fibo level in near termaround 420.
