BUY UJJIVAN 211 SL 202 TARGET 241/ MAXIMUM TGT 273 VERY STRONG BUYING LEVEL
UJJIVAN long plan for short term
Available at good price, can give good move above 250.
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₹
Ujjivan Small Finance Bank looks good @ 34 ,here we can see a clearly breakout may happen in this stock . BUY - 34 SL-32 TARGET-38
THE 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.
Intraday 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.
Looking Bullish in Coming Days Above 37.50, If it sustain Monday(31-08-2020)
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.
Breakout 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
Good stock to earn a profit.