UBL | At an interesting juncture

May 14, 2021

• UBL has been trading between Gann levels 1225 and 1191 since 28-APR-2021 | Revolving around Gann level 1208
  
  
• Combination of a long term trend line (dotted blue) and Gann Level at 1191 | A strong support zone
  
  
• Sustaining above 1225, price can head higher | sustaining below 1191 creates a possibility of sharp down move
  
  
• Support : 1174 / 1157 / 1140 / 1123 / 1106 / 1089
  
  
• Resistance: 1225 / 1243 / 1261 / 1279 / 1297 / 1315
  
  
• 1297 to 1315 seems to be a strong resistance zone | combination of a multi year trend line (dotted pink) resistance and Gann Level 1315
  

Color codes:

• 45 Degree Gann Level : BLUE
  
• 90 Degree Gann Level : ORANGE
  
• 135 Degree Gann Level : LIME
  
• 180 Degree Gann Level : RED
  

May 17, 2021

Note

Todays' open = 2010 (near Gann 1208) | 1243 achieved above 1225 in a rapid move ? Currently near 1225

May 18, 2021

Note

Back to channel top from the Gann Level 1225. Sustaining above the Gann Level 1243.

May 19, 2021

Note

1279 Achieved.