UFLEX
- UFLEX has formed bearish candle pattern in daily chart as shown in graph no1 , by looking at chart closely whenever stock gave bearish candle pattern we witnessed selling after that. Close watch as long as stock trades below 145 it will favor bears as per candle pattern once closes above 145 stock to favor bulls.
- As per graph no2 stock is moving up from 50 days moving average support zone , as long as stock holds above it will be favored by bulls, chart also indicates stock is finding strong trend line resistance around 145 , once closes above 145 bulls will get active and we can see some bull rally in Uflex.
- Intraday close watch once stock starts trading above 145, if holds above during market hours then intraday bulls action is expecting.
- Suggested reading - YES BANK has come out from its down channel pattern , stock to favor bulls.
- As per graph no3 stock major trend indicator "MACD" has now turned +ve and moving above level 0 this indicates stock can move up, If stock moves up from current level then on upper side will find next strong resistance around 154.50 its 161.8% fibonacci retracement. Close Watch.
- Click here to see all the free trading reports (tips) published by us on UFLEX.
- Free tips on share market.
No comments:
Post a Comment