Retest done. Wait for bullish candle TomOnce you have a bullish movement Tom, you can take an entry. Retest is done.
A good 10-15% is possible in a month or two or may be more.
It is not a recommendation or a tip. I'm learning everyday 😁😎
UFLEX
Importance of timely exitThe stock gave false breakout and broke its previous support. That's the time to exit, which I did. I came across this chart while manually scanning and remembered my trade.
Uflex-Reverse Head and ShoulderUflex-CMP-592.10-The Stock is in continuous strong uptrend, stock takes support near trend line and reverse, so now near trend line support, so should take support near the trend line, as well stock given the breakout on 10/08/2021 and now retesting the breakout level, making inverse head and shoulder pattern also, best level to buy in the range of 570-575, stop loss should be below 530 on closing basis, target level are 650 then 675 then 690 in next 2-3 Months.
UFlex BreakoutThe stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
Uflex BreakoutThe stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed near resistance.
Money flow index bullish and High volumes, good swing This stock is making higher highs & money flow index is showing some strength, so it can be a good for swing trading. it already gave a breakout from trendline, so If it breaks the preious high, it can give 50% returns in 3 - 9 months time frame.
Target 560 590 700
Stoploss can be 420.
"UFLEX" Buy and hold or wait for the breakout"UFLEX" Buy and hold or wait for the breakout. Good for long-term investment.
R-0073 Short Term Cash Buy UFLEX @269.40-270.9 SL 263 TGT 284Short Term Cash Buy UFLEX @269.40-270.9 SL 263 TGT 284
TK cross over about to take place followed by MACD cross over but I am presuming since it is well supported by the volume
