UBL weekly chart analysis
As seen on UBL weekly chart the upside looks capped and there is a high probability of a bearish move once 1215 is broken.
UBL bulls who bought it at very low levels and currently holding it with profit can book profit on every rise or maintain a save profit at 1215 to preserve your profits.
Investors avoid it completely (even buying on dips/averaging).
Lets wait for UBL to test the channel bottom and we can decide our next move after that.
UBL bulls who bought it at very low levels and currently holding it with profit can book profit on every rise or maintain a save profit at 1215 to preserve your profits.
Investors avoid it completely (even buying on dips/averaging).
Lets wait for UBL to test the channel bottom and we can decide our next move after that.
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