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UJAAS Energy could soon hit single digit and every rise should be seen as an opportunity to exit.
levels mentioned on the chart, Looking price to bounce back after tuching the support.
Levels were mentioned on the chart
this will be a long term trade we Target here 2 times more than risk
Long above 23.80 SL close below 23
Ujaas Energy - Tgt 33/52, SL -20 CB
Ujaas Bottomed out, and ready for scaling to high. Accumulate for Long term. One should go for alternate energy to make portfolio strong.
I believe ujaas will give plenty time on 20 level for accumulation.
Ujaas' Energy Ltd:21 is trading at long term support line.
Initial Res:32 support:20
Monthly Chart shows a long term support zone at20
~~~ Major support level of 25 was broken.
~~~ Long term trend line broken today.
Ujaas may test 48 level again for a consolidation to decide on its future course. The SL would be 36.
Looks interesting this chart. After a nice consolidation, price has bounced off the 200-DMA. AM looking for long entries.
The information is for educational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security which may be referenced by me. The information provided through my charts is for personal, non-commercial, educational use and display.
Once stocks falls in hands of trader. it needs lot of push to break the pattern. Ujaas is such example. People/traders used to buy at around 43 and sell at around 49. As many people started doing it. It formed another resistance at around 46. So some who got it at 50 (e.g. Myself) would avoided it if looked the chart to enter either around 43 or best if it breaks 52.
The stock is in an uptrend and in a consolidation in the recent weeks. The consolidation is happening after a breakout of prior highs (marked by magenta horizontal line)
This stock is in the watchlist and I would get interested if there is an upside breakout.
UJAAS Looking awesome for long term with good fundamentals Sl at 26 target 60-80+++
Moving Averages aligned in increasing order. Monthly close above 27.00 on 28Oct16, would be strong case for a Big Buy entry for rise till 60 over a few months.
Manufacturing of transformers and panel meters for energy controlling. Formerly “M and B Switchgears”. Stabalised revenue model. Last4yrs Div History. Scaling up potential 100% on revenue. No dn side ...