United Drilling Tools has given a box breakout with strong volumes. The sector being in a strong uptrend, one can take an entry in this stock with the stop being at 265. Targets can be exceptional if held positionally, it can very well retest it's previous lifetime high around 600
United Drilling Tools Ltd| A Unique momentum business is a leading manufacturer of Oil Drilling related Equipment's in the country. The company has obtained Global quality standards for its major products. Fundamental: Medium Market Cap = ₹ 621 Cr. ROCE = 6.13 % ROE = 4.22 % Debt to equity = 0.15 Promoter holding = 74.6 % Quick ratio...
United drilling showing signs of trend reversal. Stock have seen to completed the correction. Now trading above listing price level. We can see trend reversal. Upside potential is high, providing a good risk to reward ratio. However the time horizon is expected to be longer.
Chart -> United Drilling Weekly Uptrend in 2021, downtrend in 2022, base creation in 2023 and ready for another uptrend in 2024! CMP: 270 Good Range To Buy: 270 to 250 Targets: 375, 450 and more SL: 233 Weekly Close
When there is bull rally, anything and everything doubles. But it is always important to participate at the right time. How to identify that it is the right time? 1. Stock has stopped making lower lows. 2. There is a base formation for a significant period of time. 3. Volume development at the lower levels. 4. Big candles breakout This is one of those...
📌Stage 2 Breakout in Progress ⚠️Wait for Daily candle's closing UNIDT + Breakout of 200 EMA + Validated with Volume + Coming out of stage 1 Base + Above all EMAs
CMP: 571 - Marginally closed above 570 - Looks ready for a new All Time High
Retracement to 21EMA with low volume Trend changed
Breakout in UNIDT in Daily timeframe. One can enter now for a target of around 600 DISCLAIMER: The ideas shared are only for educational purpose. I am not SEBI registered. front.page/swing-trades-ideas
Looks like a Running Correction Levels mentioned on the chart
1.take volume confirmation before entry. 2.check RSI & MACD.
UNIDT Price Action analysis Stock study For study purpose only Trade after your analysis only
Buy = 463.76125 SL = 397.8 Target 1 = 595.68375 Target 2 = 661.645 18/10/2021 Bullish NSE:UNIDT-->United Drilling Tools Ltd Buy for short term
This scrip is expected to give breakout as it is on the verge of breakout. So traders keep on your radar to catch the momentum and enjoy the profit. Thanks to all 🙏🙏🙏
This scrip is expected to give breakout as it is on the verge of breakout. So traders keep on your radar to catch the momentum and enjoy the profit. Thanks to all.
Can enter the trade on retracement, if happens with low volume. look for price action at support zone and then only go long CMP- 354.2 Support- 330-340 If closes below support zone, can fill the gap Good volume on up-moves though!