Possible short Ujjivan finance with stop loss above 290 Target insight 261, 221 Use stop loss
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 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.
BUY UJJIVAN FINANCIAL SERVICES FOR TARGET 460 470
Gartley 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.
Buying with SL as day close breakdown below Green trend line. (about Rs.10 risk or ~ 3%)
target mentioned in chart Vijayaraghavan Kovilpatti
UJJIVAN 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.
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