The idea here is about UBL (United Breweries):
United Breweries Ltd a flagship company of UB Group is engaged in the manufacturing and marketing of beverages.
1. Broken out of Ascending Triangle , Double bottom & retesting of support & neck level completed on a weekly chart as per below:
2. Waiting for breakout of Ascending Triangle & Double bottom on a daily chart at the time of publishing.
3. Trading above 20 & 200 EMA on daily chart & weekly chart.
4. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily, weekly & monthly chart is Strong buy for an upward momentum.
5. RSI is at 59.85 on a Daily Chart & 58.87 on a weekly chart at the time of publishing.
6. MACD Way above signal line on daily & weekly chart .
7. Hull Moving & other moving average is a strong Buy on Daily, Weekly & monthly chart. This is a very strong signal for upward momentum.
8. Wait for breakout & retest completion for long entry. However, keep in watch list for the week & alert for price momentum.
Projected targets as per Ascending triangle & Double bottom provided in the chart.
Stop Loss: provided in chart.
Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”.
Do you like my TA & ideas!!
Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations.
Cheers.
United Breweries Ltd a flagship company of UB Group is engaged in the manufacturing and marketing of beverages.
1. Broken out of Ascending Triangle , Double bottom & retesting of support & neck level completed on a weekly chart as per below:
2. Waiting for breakout of Ascending Triangle & Double bottom on a daily chart at the time of publishing.
3. Trading above 20 & 200 EMA on daily chart & weekly chart.
4. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily, weekly & monthly chart is Strong buy for an upward momentum.
5. RSI is at 59.85 on a Daily Chart & 58.87 on a weekly chart at the time of publishing.
6. MACD Way above signal line on daily & weekly chart .
7. Hull Moving & other moving average is a strong Buy on Daily, Weekly & monthly chart. This is a very strong signal for upward momentum.
8. Wait for breakout & retest completion for long entry. However, keep in watch list for the week & alert for price momentum.
Projected targets as per Ascending triangle & Double bottom provided in the chart.
Stop Loss: provided in chart.
Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”.
Do you like my TA & ideas!!
Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations.
Cheers.
Trade closed: stop reached
