UFLEX (07 Feb 2024)
ready for the breakout of ascending triangle pattern on weekly timeframe.
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📊 DETAILS
Sector: Packaging Materials-Containers & Packaging
Mkt Cap: 3,301 cr
Uflex Ltd is a leading Indian multinational company which is engaged in the manufacturing and sale of flexible packaging products & offers a complete flexible packaging solution to its customers across the globe.
TTM PE : -- (Low PE)
Sector PE : 6.49
Beta : 0.99
📚 ...
stock give trendline breakout with higher low creation multiple time reject on trendline possible target and stoploss
for educational purpose not a call
triangle is a chart pattern is a tool used in technical analysis. The triangle chart pattern is named as such because it resembles a triangle. It is depicted by drawing trendlines along a converging price range, that connotes a pause in the prevailing trend. Technical analysts categorize triangles as continuation patterns of an existing trend or reversal. Despite...
UFLEX :- The stock has given a breakout by forming a double bottom pattern.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the...
NSE: UFLEX is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 11% gain on...
Don't take trading (profit/loss) too seriously. Nothing ever happened the way we expect.
Overthinking is a waste of time and energy.
Just stick to a process.
In the Weekly Chart of UFLEX ,
we can see that, it has given Trendline breakout.
Let it retest and then enter with SL and Targets.
Expected momentum is shown in chart.
UFLEX daily looking bullish, it has trendline breakout with 200 ema support on daily candle. Good to buy at 478 for target of 688 with sl below 387
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The stocks discussed or recommended here, may not be suitable for all...
✅Stock for Next week👌
Cup & Handle Pattern 📉📈
#UFLEX
- Volatility and Volume Contraction during Handle
- Red Volume is Significantly Dried up
- Setting up Nicely
- Bullish RSI
200 EMA is yet to be taken Though
uflex is undervalued stock with a potentially attractive risk-to-reward ratio at its current price level.
If the stock reverse from current direction, its recent 52-week low of INR 338 would serve as an exit point.
On the other hand, if the stock were to move upward, the first target to watch for is around 394.
On daily chart it seems created demand Zone...
