UCAL FUEL SYSTEMS
- UCAL FUEL SYSTEMS has formed double bottom formation in daily chart, which indicates once stock made a bullish breakout by closing above its previous top around 83 and stays above then bulls to give more strength in UCAL. Volume chart also indicates sudden increase in volumes this too will favor bulls.
- Intraday close watch once stock starts trading above 83, if starts trading above 83 then intraday action is expecting.
- Suggested Reading - OBC is moving up from strong support and is on verge of bullish breakout.
- Technical chart also indicates stock is moving up from 50 days moving average, as long as stock trades above it will favor bulls.
- Once stock closes above 83 and stays above then UCAL will find next strong resistance around 92 its 161.8% fibonacci retracement as shown above in chart no 3.
- Click here to see all the free trading reports (tips) published by us on UCAL FUEL SYSTEMS (as per technical analysis point of view).
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