You can check the below range as given in chart for Uflex Ltd.
You can take trade if it comes in that given range.
I'm sharing my views only for Educational purposes
Before Taking trade doing your own analysis.
@ Prasad Analyst
Uflex is in dntrend, but if 200 level sustains and mfi and adx shows divergence and strength may be a turnaround case, the company business seems good prospect. Huge Positive volumes at 200 138 and 106 can be seen earlier. Pls comment on my thoughts
Trying to steal a long from otherwise a bearish stock.
Buy on the breakout with close trailing stoploss.
First target is marked with small greenline, if it closes above it then next target would be the big falling green line.
Major structure is bearish but local structure is indicating the possibility of small bullish move within the bearish structure.
Do hit a...