UTI Showing signs of reversal. Add to your WL
📊 Stock Analysis for UTI AMC
🔘Entry Levels:
Initial Entry (Small Qty): ₹1,260
Fresh Entry: Above ₹1,405 (with a strong breakout and good volume)
Stop Loss (SL):
₹1,133 (below the 200DMA and major support zone)
Target Levels (T):
T1: ₹1,405
T2: ₹1,721
Risk-to-Reward (R:R):
From Initial Entry to T2: Approx. 1:2.6
From Fresh Entry (T1) to T2: Approx. 1:2
🔘Setup Overview
The stock has consistently taken support at the 200 DMA, indicating strong demand at lower levels.
It’s currently consolidating near the ₹1,260-₹1,400 zone, forming a potential breakout pattern.
A breakout above ₹1,405 with high volume can lead to a new bullish rally.
⚠️Risk Considerations
Below ₹1,133, the structure may turn bearish, invalidating the setup.
Ensure the breakout above ₹1,405 is confirmed with strong volume and price action.
🔘Reasons for Risk Level
The 200 DMA support provides a good risk management level.
If the stock breaks down below ₹1,133, it could retest lower levels, indicating a potential trend reversal.
❗️Disclaimer
This analysis is for informational purposes only and should not be considered financial advice. Please conduct your own research or consult a financial advisor before making investment decisions. Trading in the stock market involves risk, and past performance is not indicative of future results.
🔘Entry Levels:
Initial Entry (Small Qty): ₹1,260
Fresh Entry: Above ₹1,405 (with a strong breakout and good volume)
Stop Loss (SL):
₹1,133 (below the 200DMA and major support zone)
Target Levels (T):
T1: ₹1,405
T2: ₹1,721
Risk-to-Reward (R:R):
From Initial Entry to T2: Approx. 1:2.6
From Fresh Entry (T1) to T2: Approx. 1:2
🔘Setup Overview
The stock has consistently taken support at the 200 DMA, indicating strong demand at lower levels.
It’s currently consolidating near the ₹1,260-₹1,400 zone, forming a potential breakout pattern.
A breakout above ₹1,405 with high volume can lead to a new bullish rally.
⚠️Risk Considerations
Below ₹1,133, the structure may turn bearish, invalidating the setup.
Ensure the breakout above ₹1,405 is confirmed with strong volume and price action.
🔘Reasons for Risk Level
The 200 DMA support provides a good risk management level.
If the stock breaks down below ₹1,133, it could retest lower levels, indicating a potential trend reversal.
❗️Disclaimer
This analysis is for informational purposes only and should not be considered financial advice. Please conduct your own research or consult a financial advisor before making investment decisions. Trading in the stock market involves risk, and past performance is not indicative of future results.
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