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.:)
הערה:
As expected, 50% rejection came strong. Now the price action becomes important. A retest and continuation of the zone are crucial.
הערה:
This did give a boost to our analysis :
www.moneycontrol.com...of-ter-10881111.html
www.moneycontrol.com...of-ter-10881111.html
הערה:
15% in already! 🚀🚀🚀🚀
הערה:
Current Price Action :
הערה:
Change in Perspective:
הערה:
הערה:
הערה:
Matter of time in my opinion
הערה:
הערה:
הערה:
הערה:
Q3 results are good IMO. The stock is well positioned.
הערה:
BLASTED!!
הערה:
הערה:
הערה:
הערה:
The price is sustaining above the zone:
הערה:
הערה:
Weekly close is still pending:
הערה:
הערה:
הערה:
הערה:
Common !! we need a thousand!
הערה:
הערה:
Will we get a new 52W High???
הערה:
WE ARE AT ONE THOUSAND (ALMOST)
הערה: