Positional Trade Idea:UBL
The chart of United Breweries Ltd (UBL) shows that the stock is testing a key resistance zone around ₹2,180. With consistent higher highs, it suggests a bullish momentum, but a breakout above this resistance is crucial for further gains.
Positional Trade Idea:
Entry: Buy on a breakout above ₹2,200 with volume confirmation.
Target: ₹2,400+ on successful breakout.
Stop Loss: Below ₹2,070 (last week's low) to manage risk.
Monitor the stock for a clear breakout, as it could lead to a strong uptrend continuation.
Positional Trade Idea:
Entry: Buy on a breakout above ₹2,200 with volume confirmation.
Target: ₹2,400+ on successful breakout.
Stop Loss: Below ₹2,070 (last week's low) to manage risk.
Monitor the stock for a clear breakout, as it could lead to a strong uptrend continuation.
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