Ujjivan SFB, a change in trend with the INHS breakout
My view is biased due to being invested in it.
The pattern I am seeing is an inverse head and shoulder from which a breakout and retest is taking place...the immediate target appears to be around Rs. 38/- and the stop loss would be price closing below the red line. Although an INHS at the bottom could also be a trend change signal for a longer term scenario. The relative strength on a 200 day period over bank nifty has turned positive after the Q1 results.
The pattern I am seeing is an inverse head and shoulder from which a breakout and retest is taking place...the immediate target appears to be around Rs. 38/- and the stop loss would be price closing below the red line. Although an INHS at the bottom could also be a trend change signal for a longer term scenario. The relative strength on a 200 day period over bank nifty has turned positive after the Q1 results.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.