Hi,
Please find attched the EOD 16Nov chart of UTI bank. We see the following
1)The stock is in an upward channel.
2)The moving averages have moved up.
3)Last day i.e 16Nov there is bullish engulfing pattern.
Based on this observations, is it worth to buy this stock at the current price, if yes what should be the price target.
I would really appreciate some expert comments on this, stocks chart pattern.
Thanks and Regards,
Vikranth
Please find attched the EOD 16Nov chart of UTI bank. We see the following
1)The stock is in an upward channel.
2)The moving averages have moved up.
3)Last day i.e 16Nov there is bullish engulfing pattern.
Based on this observations, is it worth to buy this stock at the current price, if yes what should be the price target.
I would really appreciate some expert comments on this, stocks chart pattern.
Thanks and Regards,
Vikranth
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