UFO MOVIEZ--after correcting from 700 in covid times due to non release of moviez this stock corrected from 700 level to 65-68 range .It is a high dividend paying stock 2018 ,19, 20 paid 12.50 , 30 ,15. ANCHOR investor have taken stake at 98 level THIS STOCKS 1ST TRG 152-55 and long TARGET OF RS 400-500.
#ufomoviez chart analysis Seems perfect rounding bottom. D. side risk 84,74,69 rs. Upside seems 114, 144 short cum med. Term. Long term upto 250 rs. Chart for study purpose. Any trade decision should be in consultation with fin. advisor.
If it gets above 124 and stays above it for some days then big bullish candles will follow. else it will fall to the red line and in the next attempt may break the green line.
Breakout retested in weekly timeframe, one can easily spot such magical trades.
All levels on the charts, once breakout happen you can make your position. I have it from low levels.
UFO MOVIEZ Bouncing off Daily 100 MA Buy on resistance TL Breakout Targets in green
THIS IS A CLEAR EXAMPLE OF RSI DIVERGENCE. THE PRICE MADE NEW LOWS AND THE RSI DID NOT. WITH TODAY'S CLOSING ABOVE YESTERDAY'S CLOSE, I EXPECT IT TO MOVE TO 265/305 WITH A S/L OF 214