UJJI­VAN FI­NAN­CIAL SER­VICES

CMP: ₹327 BSE Code: 539874

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I am hold­ing Ujji­van Fi­nan­cial Ser­vices 70 nos @Rs 397. Please ad­vise

- Hardik Morzaria

EXIT UJJI­VAN FI­NAN­CIAL SER­VICES BE­LOW RS 285

Ujji­van Fi­nan­cial is cur­rently trad­ing at Rs.327. Its 52-week high/low stand at Rs 484/ Rs 285 made on Oc­to­ber 4, 2016 and De­cem­ber 26, 2016, re­spec­tively. Since July 2016, the stock has been trad­ing in a down­trend and af­ter hit­ting a dou­ble bot­tom at Rs 285 in Au­gust 2017, the stock wit­nessed a re­ver­sal where it suc­ceeded in break­ing out of two ma­jor re­sis­tances on the daily charts. How­ever, since Septem­ber 7, 2017, the stock has been con­sis­tently fall­ing. Low vol­umes and the 14-pe­riod RSI quot­ing at 39 sug­gests lack of mo­men­tum, but the stock may see some ac­tion on hit­ting Rs 335 on the up­side. Hence, we sug­gest you to hold for an up­side and exit be­low Rs 285.

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