Good Morning Friends, A bullish flag and pole pattern emerged on the hourly chart of NSE:UTIAMC the bullish view will be negated if the stock closed below 756 on DCB. So as per the current probablity one take the trade at 786 or below with stoploss of 756 on DCB basis for the 1st target of 816 then 2nd target of 846 and the final target of 876. Exit the...
UTIAMC 14-60% upside possible. Bigger targets after breakout of trendline.
Stock has broken it's resistance line. Can touch previous resistance zone 10% upside possibility.
Today it has breached out its trend line after consolidating in ascending tringle pattern. Trade can be initiated now and can be exit by putting 1:1 reward ratio. buy near @ 811 and 812 Targets -1 @855 Stoploss -780 We will update more post market
UTI AMC created a range in day chart from past few weeks. A perfect range that was broken and reached nearest resistance in a day climbing 8%+. Currently it is retesting its breakout & has hit the resistance, the move shows it has more 12% rally left with an ideal risk reward ratio. Cheers.
As per the concept of RSI and trendline breakout, the stock is looking strong and it is expected to moveup in the short run. You can enter Above the Stock’s breakout level 802. The stock trades near 1030 or closes below 700. My risk is 102 for gaining 228. My reward to risk is 228/102= 2.23 times.
UTIAMC has given a breakout in 1D timeframe, with immediate resistance of 803 Support 760 levels Target of 860, 890++ levels.
The stock has been trading in a triangle pattern on weekly chart and has given a strong weekly closing. Buy above 803 level (carry only on day closing basis) for positional targets of 850 and 894. Learn & Earn, Dr. Tanya Kumar
BUY 780-786 SL 670 T1 872 T2 996 -DKM SIR #chart ati sundar dikhta hai # buy and hold as per your risk
Attached: UTIAMC Daily Live Chart as of 30th June 2023 - Today All AMC Stocks have seen a Massive Upsurge and it appears there are Tailwinds for this Sector hence Strength within these Stocks - Price has given a Classic Cup and Handle Breakout today on the back of Strong Price Volume Action One can buy at Current Market Price For a Target of ~ 900 And Stop Loss < Day Low
Stock is fundamentally strong , looking good for medium to long term holding ,also made a double bottom showing buyers coming in , BUY above 710 levels (breakout retest) SL at 650 ,targets given on chart FUNDAMENTALS : # 0 debt company # 60% DIIs holding and FIIs increasing stakes # Steady growth in profits since 2012 # Reserves...
In UTIAMC volume breakout as per on chart and news support it LTP : 860 TG : 1000 SL : Below 850
UTIAMC near symmetrical pattern trendline with good volume, we can accumulate at this level SL@620 on daily time frame closing basis. TGT 1: 718,TGT 2: 765
Reason for long a) Triangle breakout b) vwap support c) Price and volume spurt SL compulsory
~UTI ASSET MGMT Is looking strong even in this volatile market. ~rs and rsi is strong. ~Target and stop loss is given on the chart. ~The information given on the chart is for the educational purpose only. ~Do your own analysis before investing. ~LEARN MORE-EARN MORE.
Note: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
Can go Long if the immediate resistance (Previous Gap) is taken out. Or can wait for re-tracement and then go Long. This is only for analysis.