stock formed double bottom and breakout form downtrend line.
it also retested downtrend line.
buy range 440-470
SL 430
Target: trail sl only( levels to exit. 520 580)
Stock has completed forming a double bottom or rounding bottom or whatever you want to call it.
MACD and RSI shows positive divergence. If 480 can be breached, Tgt1 - 504, Tgt2 - 532
Thoughts please!
UFO Moviez India Limited is an India-based company, which is engaged in providing digital cinema services to exhibitors and distributors of films under E-Cinema and D-Cinema, and related activities. The Company operates a digital cinema distribution network and in-cinema advertising platform in terms of number of screens. It operates a satellite-based, digital cinema distribution network using its UFO-M4 platform. The UFO-M4 platform provides an end-to-end platform for the satellite delivery of movies to exhibitors across India, which then exhibits its movies using its digital cinema equipment. Its product offering also includes UFO Framez, which is an in-cinema advertising offering focused on serving the marketing and promotional needs of local retailers and business owners. It also focuses on marketing an electronic ticketing platform, Integrated Media Pact (IMPACT), which is a ticketing platform. IMPACT mediates the transactions between exhibitors and distributors.
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UFO
