UTI AMC is currently displaying a symmetric triangle formation on its weekly chart. Recently, it formed a double bottom pattern on the weekly timeframe, which was followed by a breakout. The stock is currently encountering a minor resistance level. Interestingly, the resistance trend channel and the 50% Fibonacci retracement level align closely, making it a strong barrier for further upward momentum.
Given the circumstances, if UTI AMC consolidates within this resistance zone before continuing its upward trajectory, it has the potential for significant momentum.
Disclaimer: Please note that we are not registered advisors and the views expressed here are solely personal opinions. We strongly recommend consulting with your financial advisors before making any investment decisions. We like everybody else, have the right to be wrong.:)
Given the circumstances, if UTI AMC consolidates within this resistance zone before continuing its upward trajectory, it has the potential for significant momentum.
Disclaimer: Please note that we are not registered advisors and the views expressed here are solely personal opinions. We strongly recommend consulting with your financial advisors before making any investment decisions. We like everybody else, have the right to be wrong.:)
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As expected, 50% rejection came strong. Now the price action becomes important. A retest and continuation of the zone are crucial.Nota
This did give a boost to our analysis :moneycontrol.com/news/business/stocks/amc-stocks-surge-up-to-13-as-sebi-defers-rationalisaton-of-ter-10881111.html
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15% in already! 🚀🚀🚀🚀Nota
Current Price Action :Nota
Change in Perspective:Nota
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Matter of time in my opinionNota
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Q3 results are good IMO. The stock is well positioned.Nota
BLASTED!!Nota
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The price is sustaining above the zone:Nota
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Weekly close is still pending:Nota
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Common !! we need a thousand!Nota
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Will we get a new 52W High???Nota
WE ARE AT ONE THOUSAND (ALMOST)Nota
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The fall is on account of stock going Ex-Dividend of Rs. 70Nota
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🎯 You can now access our personal charts for all Nifty 500 companies📈
👉 Visit nas.io/TradeWithTc to learn Price Action with real life case studies.
#BeYourOwnAnalyst
👉 Visit nas.io/TradeWithTc to learn Price Action with real life case studies.
#BeYourOwnAnalyst
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.