symmetrical triangle once moreUjjivan, triangle break out target of 380, expecting breakout next week with target to be achieved by mid april with stop loss if price closes below the traingle body
Key stats
Market capitalization
29.404BINR
Dividends yield (FY)
—
Price to earnings Ratio (TTM)
3.65
Basic EPS (TTM)
67.60INR
About UJJIVAN FINANCIAL SERVICES LIM
ISIN
INE334L01012
Sector
Finance
Industry
Finance/Rental/Leasing
Website
ujjivan.com
CEO
Radhakrishnan Ravi
Headquarters
Bangalore
Employees
16.895K
Founded
2004
Ujjivan Financial Services Ltd. is a holding company, which engages in the provision banking and financial services. The firm focuses on investment in companies, and also lending and financing business to its subsidiary bank. The company was founded by Samit Kumar Ghosh and Srikrishna K. Ramamoorthy on December 28, 2004 and is headquartered in Bangalore, India.
Bidding adieu to 2022 with Ujjivan, the dark horse amongt banksThe last two weekly candles shows buying strength demonstrated by a piercing pattern.. monthly chart is showing uncertainity with a doji formation, probably triggered by the large scale covid spread in China leading to fears of another round of higher NPAs for the SFB..
On the positive front, one c
Yet to catch up with the Bank ValuationThe holding company and the bank are making similar moves .... while the bank share price just reached a triangle breakout target earlier today, this one is still in formation... date for expected breakout is between 16 - 19 December and target of 340 should reach by 28 December...Stop loss would be
UJJIVAN: Uptrend ChannelNSE:UJJIVAN is in an uptrend channel.
Concern is: volume is yet to pick up.
So it has the both sides trade possible.
Trade:
BUY above 300, SL: 298, T: 303/306
SELL below 295, SL: 297, T: 292/289
UJJIVAN - Ichimoku Bullish Breakout Stock Name - Ujjivan Financial Services Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 2
UJJIVANNSE:UJJIVAN
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Ujjivan is a prime technofunda candidateA turnaround quarterly result has come at a time that the 50DEMA is about to overcome the 200DEMA with an INHS price breakout coinciding with the results announcement... It can do well in the days to come.. as the price has moved much higher than BO level one can keep SL of 164 and go long here for
Buy Today, Sell Tomorrow: UJJIVANDON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 3-5% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 1% or closin
Ujjivan Financial Service - LongStock is making lower lows and currently fresh buying has emerged near 100 levels. Bullish candle is formed at new low with good volume. Stock can ssee 150 levels.
Downward Trend Line Breakout (trend reversal) in UJJIVANDownward Trend Line #Breakout (trend reversal) in #UJJIVAN (Ujjivan Financial Services Ltd).
BSE: 539874 \ NSE : UJJIVAN
What Is the Inverse #headandshoulders ?
An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but
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Income Statement
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