UTIAMC trade ideas
UTIAMC Trend line breakout setup for longNSE:UTIAMC Levels already mentioned.. Good candidate for swing and investing if interested..
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...
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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..
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Swing trade in UTI AMC - Entry around 538 (Rejection day) Buy At 538-545 range for an excellent entry.
SL - Exit if stock close below 538, since it will definetely test the low's of the rejection candle.
Reason for the trade: Rejection day
A Rejection Days have a range that is significantly larger than the 10-day average and The ideal swing entry is the Rejection Day midpoint,which can be defended for 1-4 days after the rejection.
Exit when : A daily close below the Rejection Day midpoint breaks the pattern, as this would indicate a retest of the Rejection Day low
UTIAMC Looks good for long second time above todays highNSE:UTIAMC Safe players can enter the trade on retracement with strict SL.....
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. Learn before executing the trade..
4. To learn more about patterns and trading... contact us.. Thanks..
UTIAMC Looks good for long if take support and breaks trendlineNSE:UTIAMC Safe players can enter the trade on retracement with strict SL.....
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. Learn before executing the trade..
4. To learn more about patterns and trading professionally ... contact us.. Thanks..
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Buy for Long term target of 650The UTI is showing strong support at 485 and forming a close channel.
considering taking a long position on this stock.
Short Term:
Buy above 495.10 for Target of 500 ---- 505 --- 511
Stop Loss: 485.15 on closing basis on daily charts
Long term:
Technically Buy above 503 but the current price is near to stop loss so even this can be considered for buying in distributed quantities.
Target - 554 ----- 598 ----- 650(if it breakout 600 and sustains)
Stop Loss - 476 on weekly closing basis
UTI ready to breakoutKeep Eye a multibagger for sure.. If breaks trendline.. Buy for short term
Long term traders should buy near Support
