Watching the Tape Move for UJJIVAN FINANCIAL SERVICES LIMITED (UJJIVAN.NS)

Needle moving action has been spotted in UJJIVAN FINANCIAL SERVICES LIMITED (UJJIVAN.NS) as shares are moving today on volatility -1.82% or -6.00 from the open. The NSE listed company saw a recent bid of 324.20 and 545966 shares have traded hands in the session.

Tackling the stock market may involve many different aspects. Investors may at times feel like they are on a wild ride. Sometimes there are extreme highs, and sometimes there are extreme lows. Figuring out how to best deal with fluctuations can help the investor’s mindset. Investors who are able to keep their emotions in check might be one step ahead of the rest. Being able to identify emotional weaknesses can help the investor avoid tricky situations when things get hairy. Keeping the stock portfolio on the profitable side may involve making decisions that require emotional detachment. When emotions are running high, it may impair the rational decision making capability of the investor.

Taking a deeper look into the technical levels of UJJIVAN FINANCIAL SERVICES LIMITED (UJJIVAN.NS), we can see that the Williams Percent Range or 14 day Williams %R currently sits at -34.06. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would point to an overbought situation. A reading from -80 to -100 would signal an oversold situation. The Williams %R was developed by Larry Williams. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator.

UJJIVAN FINANCIAL SERVICES LIMITED (UJJIVAN.NS) currently has a 14-day Commodity Channel Index (CCI) of 4.63. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.

The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The RSI may be useful for spotting abnormal price activity and volatility. The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. After a recent check, UJJIVAN FINANCIAL SERVICES LIMITED’s  14-day RSI is currently at 49.55, the 7-day stands at 50.14, and the 3-day is sitting at 55.56.

Currently, the 14-day ADX for UJJIVAN FINANCIAL SERVICES LIMITED (UJJIVAN.NS) is sitting at 25.57. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.

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