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.Not
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! 🚀🚀🚀🚀Not
Current Price Action :Not
Change in Perspective:Not
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Matter of time in my opinionNot
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Q3 results are good IMO. The stock is well positioned.Not
BLASTED!!Not
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The price is sustaining above the zone:Not
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Weekly close is still pending:Not
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Common !! we need a thousand!Not
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Will we get a new 52W High???Not
WE ARE AT ONE THOUSAND (ALMOST)Not
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The fall is on account of stock going Ex-Dividend of Rs. 70Not
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
🎯 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
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.