Ujjivan financial services is a stock worth keeping an eye as it is a near key support level and break of 299 level means that stock can fall to the levels of 293 where immediate support occurs followed by 280 & 273 levels.
However, if it sustains above the level of 305, stock can rebound to 320 levels where it faces resistance and above 320 can target 330 levels.
Keep an eye on the stock as it is providing a good opportunity to make money by shorting this stock at the given levels. The RSI curve shows a falling trend, which is an early signal for a possible trend reversal downwards for the price as well.
Have a look at the Ujjivan stock chart to understand the trajectory of the stock and it is all the more important for this stock to be in a bullish trend as a separate IPO is going to come for Ujjivan Bank which is likely in Mar 2019 to comply with RBI guidelines. If you are looking not to miss such beautiful setups, you can check our day trading tips for tomorrow which will get you daily profit by 11 AM every day.
However, if it sustains above the level of 305, stock can rebound to 320 levels where it faces resistance and above 320 can target 330 levels.
Keep an eye on the stock as it is providing a good opportunity to make money by shorting this stock at the given levels. The RSI curve shows a falling trend, which is an early signal for a possible trend reversal downwards for the price as well.
Have a look at the Ujjivan stock chart to understand the trajectory of the stock and it is all the more important for this stock to be in a bullish trend as a separate IPO is going to come for Ujjivan Bank which is likely in Mar 2019 to comply with RBI guidelines. If you are looking not to miss such beautiful setups, you can check our day trading tips for tomorrow which will get you daily profit by 11 AM every day.
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