Just last week, we have seen UOL headed back to the 8.20 resistance but sellers came back…
There were some signs of trend reversing down and hence some downside targets were reiterated….
As seen below… Downside targets were drawn to ride any potential weakness below 8.00…
To 7.40 next probably as drawn…. Cautious long…
It did happen and today, we are still seeing more selling towards our lower target…
Definitely some signs of a downtrend in the making, cautious long….
From the PTI SYSTEM, we had some bearish entry signals recently before the sell down came….
Still no exits…. Cautious…
See targets that were revised lower over the past few days again..
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