Logic-Simple weekly resistance breakout, retest and continuation. Weekly closing above 910 will be a confirmation. 1000 will be immediate resistance. A good investment stock for long term as well available at a fair valuation with more than 2% dividend yield. I am expecting similar rally as HDFC AMC in this stock but move would be slow. Not a recommendation, just...
📊 DETAILS Sector: Finance - Investment Mkt Cap: 11,921 cr UTI Asset Management Company Ltd is primarily engaged in the activities of raising funds for and to render investment management services to schemes of UTI Mutual Fund. It is registered with SEBI under the SEBI (Mutual Funds) Regulations, 1996. It was the first to introduce Mutual Funds in India and...
Being a pioneer in the mutual fund industry, this company is heavily relied on, especially due to the index funds it is running. This company after a long period since listing in late 2020 (maybe) and touching the top in September 2021, has now shown a good breakout from a triangular consolidation pattern. The consolidation was quite long between the price range...
UTIAMC 14-60% upside possible. Bigger targets after breakout of trendline.
Attached: UTIAMC Daily Live Chart as of 30th June 2023 - Today All AMC Stocks have seen a Massive Upsurge and it appears there are Tailwinds for this Sector hence Strength within these Stocks - Price has given a Classic Cup and Handle Breakout today on the back of Strong Price Volume Action One can buy at Current Market Price For a Target of ~ 900 And Stop Loss < Day Low
Stock is fundamentally strong , looking good for medium to long term holding ,also made a double bottom showing buyers coming in , BUY above 710 levels (breakout retest) SL at 650 ,targets given on chart FUNDAMENTALS : # 0 debt company # 60% DIIs holding and FIIs increasing stakes # Steady growth in profits since 2012 # Reserves...
In UTIAMC volume breakout as per on chart and news support it LTP : 860 TG : 1000 SL : Below 850
Note: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
Can go Long if the immediate resistance (Previous Gap) is taken out. Or can wait for re-tracement and then go Long. This is only for analysis.
Downtrend trendline breakout in UTI Asset Management with high volume....
Simplicity with MIZone acting as support and resistance Rotation with SC and Trespassing in the previous body
When price break any well defined boundary below 200 Day Moving Average, then high probability price the trend . If we enter after #Breakout then why not exit after #BREAKDOWN .
Bullish flag breakout and Bullish MACD crossover in UTI AMC
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
UTIAMC: Broken a strong resistance.. can go long after the retest
Bull Flag pattern on daily chart Happy LEARNING
Note: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket...