UJJIVANSFB @ ₹53 — Potential Upside & Stoploss (Technical Analysis)
Blog watermark/link: rajkamalstockoptions.blogspot.com
Technical Snapshot
Summary: UJJIVANSFB has broken above the range resistance near ₹52.5–₹53.2. Price sits comfortably above the 20-SMA and the short-term structure shows higher highs and higher lows since October — a bullish setup. Watch for confirmation via follow-up sessions with higher volume.
Support / Resistance & Targets
| Immediate Support | ₹50 (near breakout retest & psychological area) |
|---|---|
| Major Support | ₹47.5 (previous consolidation base) |
| Recent Resistance (Broken) | ₹52.5–₹53.2 |
| Short-term Target | ₹56.50 — minor resistance |
|---|---|
| Medium-term Target | ₹59.80 — swing projection |
| Long-term Target | ₹63–₹65 — Fibonacci extension / previous gap area |
Risk & Stop-loss Strategy
- Conservative stop-loss: ₹48.80 (below 20-SMA)
- Aggressive stop-loss: ₹50.00 (just below breakout retest)
- Trailing stop idea: Trail 2–3% below close once price sustains above ₹56
Position sizing reminder: risk only a small % of trading capital per trade — typically 1–3% depending on your risk tolerance.
Technical Indicators (quick view)
| 20-SMA | Bullish — price above SMA |
|---|---|
| Price Action | Breakout above resistance; higher highs & higher lows |
| Volume | Moderate — watch for higher volume on follow-up days to confirm breakout |
| Estimated RSI | ~65–70 (strong momentum; not extreme overbought) |
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Enter above ₹53.20 on a clean close with volume. Targets: ₹56.5, ₹59.8, then ₹63–₹65. Use stop-loss ₹48.8 (conservative) or ₹50 (aggressive). Adjust position size to risk tolerance.
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