As UBL looking bearish go for short with sl 1611 1st target 1410 2nd target 1302 it is also possible that stock go through 1611 but strick with sl if again comes at this level you can again enter with minor sl NSE:UBL NSE:UBL BSE:UBL NSE:UBL1!
Reaon for long a) breakout pull back zone with all 4 indicators positive ( Rainbow, Renko, QQE and supertrend long) these indicators are the speacific zone in the price action. confluence of these indicator along with price action like good engulfing candle ( in this case, it is bullish engulfing candle) indicating the bullishness. b) breakout candle has good...
UBL if sustain above 1515 next target would be 1560 and 1575. it has taken good support at 1475. it will definitely touch 1600 in couple of weeks. the chart is for study purpose only.
UBL CMP1497... a simple chart... Looking from bottom... it looks like abc move.. also my Trend indicator turned bearish... price breaking the trend and also retesting... also abc can be seen in small timeframe... so Red line as my sl... Expecting green line as my tgt ... Just a view!! Vedang :) Chart is for study purpose only!!!
Just cross 200EMA on daily time period and will give 200 points in 1 week.
double bottom break out in ubl in weekly time frame. although there is a gap pending in Daily Time Frame. but very well supported 200 ma. and also crossed 20 MA. it can be gud buy. SL 1387 target near 1800
Currently UBL Trading in Channel and price formation is HH HL Maximum chance to break the channel with next one month you can buy UBL 1460-1480 SL 1440 Target 1550 and 1600 within next 2-6 weeks.
UnitedBreweries broke out of a weekly double bottom or W pattern which is a bullish reversal pattern. Since the pattern formed and broked out on a Weekly Timeframe, I am bullish on #UBL for upcoming few weeks. Notice how price got supported and bounced from 200WMA multiple times before breaking out of the pattern. This shows long term bulls are strong. Expecting...
Buy UBL at 1500 SL 1400 closing tgt 1540/1620 ...Add more at 1480/70 if comes down if sustains above level then will give update... Reson to Buy is consolidation brekout and bullish candle form in Daily tfm with Volume based closing above swing resistance. Trade as per your risk CHART ANALYSIS
Price has been working as per the Weekly chart and just retracing into Daily Demand as a pullback to shoot to 1530 which was its Original Target, hence LONG ENJOY THE RIDE ! ! !
Reason for short a) weekly breakout possibility b) SL compulsory
Price in Daily Supply will retrace till the Newly Formed Fresh Daily Demand.
Price reacted to a Weekly Demand and formed a fresh Daily Demand expecting to shoot from the same demand shown above. ENJOY THE RIDE ! ! !
bullish trend detect - pullback candle pattern - volume also confirm trend
UBL CMP 1415 Buy for targets 1450/1480 Strong breakout for targets SL as per choice
Reason for long a) Open = Low set up b) Trendline breakout c) weekly breakout SL compulsory
After today's opening I feel ubl to be a long candidate for near future.