Ubl as per monthly looks like it facing some supply on higher levels in red zone....
If stock unable to clear red zone on the upside then orange zone waiting below..😉🤐
So no fresh long untill the time stock trade below red zone.....😇
Cmp ard 1450
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...
Hi
As this stock looks line wave 3.3 & looks like any moment wave 3 will end close to 1730 to 1750 & it is good level to go short is this stock for 3.4 to play 23 to 38% correction.
Lets see how this stock react over our analysis.
Have a great trading day....!!!
UBL has had a very good daily move up for the last several weeks. It has come to a zone where the Bull strength is starting to fade. SELL UBL based on the following.
Head and Shoulder pattern on 4hr with neckline at 1350-1364. If a 4hr candle closes below this level, SELL without any hesitation as price will test 23.6 - 50% retracement to its low of the climb...
