UTIAMC - Rounding Bottom Breakout
UTIAMC has given a long term breakout of 3 years long rounding bottom pattern. Breakout volume is also significant. If it sustain above breakout level, then we can see a good momentum in short term and can expect below level in coming months.
🔊 UTIAMC - UTI ASSET MNGMT CO LTD
⌛Duration - Short Term (6 month to 8 month)
📊📈 Trade Logic - Rounding Bottom Breakout
CMP - ₹1263.70
Time Frame - Weekly
🎯Target 1 : ₹1425
🎯Target 2 : ₹1600
🎯Target 3 : ₹1850
🛑 Stop : ₹1000
🏆 Risk/Reward Ratio (1: 2.5)
Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
🔊 UTIAMC - UTI ASSET MNGMT CO LTD
⌛Duration - Short Term (6 month to 8 month)
📊📈 Trade Logic - Rounding Bottom Breakout
CMP - ₹1263.70
Time Frame - Weekly
🎯Target 1 : ₹1425
🎯Target 2 : ₹1600
🎯Target 3 : ₹1850
🛑 Stop : ₹1000
🏆 Risk/Reward Ratio (1: 2.5)
Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
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