💥UFO Moviez💥-Nice Breakout
Capital to be deployed-20k
Investing Price-151-153
Breakout Price-151
Stoploss-125
Targets-254
RT for max reach
#ufomoviez #stockstowatch #StocksToBuy #StocksInFocus #stocks #StockMarket
Looking very good at this moment to buy on weekly timeframe and daily timeframe also.
This is breakout opportunity as the stock broke the important resistance and also it's 200 EMA on weekly timeframe. And also a breakout of inside candle on daily timeframe. This stock can give you more Risk to reward ratio as the is only 12.5% and the reward that you can expect...
** Digital cinema distribution co on Tuesday said it has entered into a strategic alliance with TSR Films
** Under the deal, UFOM will acquire exclusive advertising rights of TSR's 403 screens
Stock has broked previous resistance with good volumes and now the price has retested its previous resistance which is now acting as a support and formed a bullish candle.
Next immediate resistance is around 158-163
This is not a recommendation its only for educational purpose
What a beautiful chart!!
Downtrend, followed with a basing pattern with a long consolidation.
Trend will be change above 140.
View invalid if close below 110- MCB.
keep on radar.
once breakout of range of 119-21 will show immense power as breakout of neckline of inverse head and shoulder and 3rd wave in progress . Buy this stock as before covid was high dividend stock and was traded at 700 rs during peak. now once again giving quater by qtr good results and might again be in dividend list soon.
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.
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.
