The outlook for UTI Asset Management Company (AMC) is bullish. The stock has been in an uptrend since mid-March this year and remains intact. Within this uptrend the stock seems to be consolidating for now. Support is in the ₹1,200-1,170 region. We expect the uptrend to resume and take UTI Asset Management Company (AMC) share price up to ₹1,400 in the coming weeks. A break above the immediate resistance at ₹1,285 can trigger this rise. Traders can buy UTI AMC shares now at ₹1,265. Accumulate on dips at ₹1,220. Keep the stop-loss at ₹1,160. Trail the stop-loss up to ₹1,290 as soon as the stock goes up to ₹1,310. Move the stop-loss further up to ₹1,320 and ₹1,345 when the share price touches ₹1,340 and ₹1,370 respectively. Exit the long positions at ₹1,400.
(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)