UJJIVANSFB
UJJIVAN - Bullish DivergenceNote: 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₹
UJJIVAN SMALL FINANCE BANK BREAKOUTUjjivan Small Finance Bank looks good @ 34 ,here we can see a clearly breakout may happen in this stock .
BUY - 34
SL-32
TARGET-38
UJJIVAN LONGTHE STOCK HAS GIVEN A BREAKOUT ANDD MIGHT SHOW SOME BULLISH MOVEMENT AHEAD.
THE BLACK TL WILL ACT AS A SUPPORT AND IF BN REMAINS SUPPORTIVE THEN ITS GOOD FOR LONG TERM ALSO.
UJJIVAN looks BullishIntraday
Buy above 234
Target - 238, 242
Stop Loss - 230
Note -
1. Keep trailing stop loss of 2 after 1 st target.
2. Most of the time, Financial stocks move in the direction of Bank Nifty. So trade as per the Bank Nifty.
Ujjivan Fin. Trade Setup !!TREND ANALYSIS & TRADE SETUP
Wave Counting
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for entry setup, if available then Long/short.
R:R is 7-8 times.
Long Position Ujjivan Small FinanceBreakout can be seen in ujjivan small finance share. Long position can be made after a sucessfull retest. Partial Profit can be booked at 38.40 level as some demand-supply zone is present over there.
SL- 26.00
Target- 42.50
