UTIAMC - Rounding Bottom Breakout

UTIAMC has given a long term breakout of 3 years long rounding bottom pattern. Breakout volume is also significant. If it sustain above breakout level, then we can see a good momentum in short term and can expect below level in coming months.

🔊 UTIAMC - UTI ASSET MNGMT CO LTD
⌛Duration - Short Term (6 month to 8 month)
📊📈 Trade Logic - Rounding Bottom Breakout
CMP - ₹1263.70
Time Frame - Weekly
🎯Target 1 : ₹1425
🎯Target 2 : ₹1600
🎯Target 3 : ₹1850
🛑 Stop : ₹1000
🏆 Risk/Reward Ratio (1: 2.5)

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