UTIAMC trade ideas
Expecting breakout ✌✌✌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. Thanks to all 🙏🙏🙏
Watch out for resistance Breakout ✌✌This scrip is expected 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.
UTI AMC--> 10% upside potential in short term 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.
UTI AMC UTI AMC IF HOLD SUPPORT THEN UPMOVE POSSIBLE
IF HOLD 815-820 THEN WE CAN SEE TARGET OF 850 ,880
UTI Asset Management Company BreakoutTechnical chart pattern supported by volume suggests a minimum safe side return of 25% for this small-mid cap company.
Other reasons to hold it as a long term bet:
Increasing inflation, gross domestic savings and higher disposable income.
Increased awareness among people to turn towards mutual funds than real estate or gold comparatively.
Healthy dividend payout.
Undervalued as compared to other industry peers.
UTIAMCNote:
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 opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
Positional Long tradeMonthly and weekly uptrend.
Daily trend broken so either it should make new HH to align with other time frames trend or it might come down to weekly demand zone and then bounce from there to continue its rally.
Entry, SL and Target marked
UTIAMCNote:
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 opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading.
watch for resistance breakoutthis stock can give breakout of previous swing high
buy above 780
For Stoploss use 5 minute chart and see nearest support.
for target also use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
UTIAMC - Good Trending Structure Why do I like this ?
1)Clear up trend and expanding range of candles
2)All AMC stocks (HDFCAMC, NAM_INDA) are doing well but this is performing the best among them.
3)Stock hasn't pulled back even when General Market did (This reflects Strength)
Do not try to complicate - Study basic things and Price Action to understand the Psychology of the Market.
UTIAMC Positional View - 3rd NSE:UTIAMC Levels already mentioned.. Look for closing price above TL and take trade.
Appreciate our work by like, share and following..
Note:
1. Views are personal. 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... After market opens, the condition might change so learn to handle for different conditions..
4. To learn more about patterns, Psychology behind the trade and price action trading... contact us.. Thanks.
Intraday Pick: Inside Candle watch for swing high breakoutBuy above 610 keep Sl below 600
Target 620, 625++
Facing hurdle at 590 to 600 just waiting for BreakoutFo last 4 session its unable to break 600 , although it went above it today, just need one more push and will start moving towards 640
