now in India, the mutual fund industry is getting inflow retail investors are more active in SIP so mutual fund house are in good condition. This fund can take advantage of this. FII's increase in stake from 5.97% to 6.27 The number of share houlders decreases, which is also a positive hand.
There is nice setup by bullish wedge for mid/long term breakout position trade on PTEN. After more than 1year consolidation formed bullish wedge. Now price starting to pump up out of the wedge. at 15.87 level there is 1st potential to take some money of the table because there is long multi years supply zone that toping somewhere at 20.69...
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that,...
This chart is only for educational purposes and should not be considered for doing any buying and selling in this stock.
(Daily) - Flag & Pole breakout - Bullish Engulfing bar with Volume Spike - Above Short & Long Moving Averages
PTEN listed on US markets, formed an inverse head and shoulders pattern, poised for a faster recovery to $15 and then $25 in the coming months. look to buy with stop loss kept below the $6.50 support level.
UTI AMC looks interesting, can expect good move above if closes above 570
UTI is in a strong downtrend on daily chart but i'm looking for a short term wave up with a good potential gain, from 35% to 65%. Pay attention to the level posted on chart for a possible bounce. A strong breakdown under the lower rectangle invalidates this setup.