Stock is making lower lows and currently fresh buying has emerged near 100 levels. Bullish candle is formed at new low with good volume. Stock can ssee 150 levels.
Downward Trend Line #Breakout (trend reversal) in #UJJIVAN (Ujjivan Financial Services Ltd).
BSE: 539874 \ NSE : UJJIVAN
What Is the Inverse #headandshoulders ?
An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict...
Position: Go Long
Pattern: Inverse head and shoulder pattern formation
Level: Breakout given at 155 levels
Target: 200-205 levels
Also good for investment as Inverse HnS is trend reversal pattern.
Long ujjivan Fin services only after the BO of Both TL marked on the charts. Long avove 180 Target 220-250 with SL 150. Good risk to reward trade. This is for your educational purpose only.
This is best example for Flag and pole breakout in a daily chart frame in Ujjivan fin Ser.
157-163 was a major resistance, stock consolidated in that range and on 26-07-2022 we saw a breakout candle with good volume, which confirmed flag and pole breakout.
Stock has a potential to reach 192 range.
164 should be the first support and 155 will the next important...
Stock Name -Ujjivan Financial Services Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at CMP,
and more bullishness will be visible after it cross 160.
#This is not Buy and Sell recommendation to any one. This is...
Inverted head and shoulder act as a bottom reversal , also price trading above 200 SMA that's positive sign for price .
When price break the neck line and closing above it then pattern complete .
Price about to break the major trend line in Daily chart. An uptrend can be assumed after the price closes above 157 levels. All expected targets are marked on the chart. This is not a recommendation, do your own analysis before making any financial decision. NSE:UJJIVAN
1) Exactness of this 145 level is very attractive very few times we see some exact level.
2) Earlier it was support now it is resistance
3) recently we have seen a channel pattern breakout
4) in very short term the trend is positive
Note Look for buying opportunity only after breakout
on this chart you can clearly see a triangle pattern and a crucial support zone. This chart pattern is visible to all public
what can you anticipate where the major stop losses would probably be place or when the buyers will panic. It is obvious around the support zone . The big players manages to make a small move in direction to the probable stop losses and a...
1 whenever it make flag pattern on daily it gives a big breakout
2 the consolidation is very ideal
3 volume pattern also supportive
4 only one problem is there that the trend is strong bearish
