UJJIVAN has given strong closing of a very important level at 312-315. This is looking good for short term with SL below 300 & possible target of 350, 370.
This was highlighted today when it was trading at 310.
Thanks
Piyush Gupta
Learn & Earn
after a very good consolidation against trendline of falling wedge. we can se a break in trendline of ujjivan financial we can long this share at current price for 450
It has given trendline breakout in monthly chart and in daily tf it came to retracement. You can buy when it touches the support and can expect minimum 40% returns
Ujjivan short term bullish as well as long term
Can go Long - Invest ( this is Educational)
Cup and handle as well as inverted H&S formation and most indicators bullish
Making HH's and HL's
Ujjivan financial.. beautiful slopping channel breakout with long consolidation around resistance level...CMP:321...add more on dip..with swing low stop!oss
Ujjivan, 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
The 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 can look forward to the quarterly business snapshot which the bank...
The 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 a close below the triangle support line..
NSE: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
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 250
#This is not Buy and Sell recommendation to any one. This is...
NSE: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
A 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 target of 215 ... there also remains a merger arbitrage in favor...
DON'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 closing below the low of the breakout candle
The levels mentioned on...
