UTI AMC - Ifs and Buts !!

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.:)

Комментарий:

As expected, 50% rejection came strong. Now the price action becomes important. A retest and continuation of the zone are crucial.

Комментарий:

This did give a boost to our analysis :
www.moneycontrol.com...of-ter-10881111.html

Комментарий:

15% in already! 🚀🚀🚀🚀

Комментарий:

Current Price Action :

Комментарий:

Change in Perspective:

Комментарий:

Комментарий:

Комментарий:

Matter of time in my opinion

Комментарий:

Комментарий:

Комментарий:

Комментарий:

Q3 results are good IMO. The stock is well positioned.

Комментарий:

BLASTED!!

Комментарий:

Комментарий:

Комментарий:

Комментарий:

The price is sustaining above the zone:

Комментарий:

Комментарий:

Weekly close is still pending:

Комментарий:

Комментарий:

Комментарий:

Комментарий:

Common !! we need a thousand!

Комментарий:

Комментарий:

Will we get a new 52W High???

Комментарий:

WE ARE AT ONE THOUSAND (ALMOST)

Комментарий: