bhagat109

Flag pattern in UBL

Long
NSE:UBL   UNITED BREWERIES L
UBL has broke the 200 DMA with huge volumes.
It is taking support on 200 DMA and consolidating since 5 days forming a flag pattern .
Target: 1150 (roughly length of the flag pole)
SL: 200 DMA
Trade active: Nice breakout from the flag. That too with above average volumes.
Trade active: If this thing crosses 1033 on 30 Nov . EXIT.
Trade closed: target reached: Nice ride. ;-)

Comments

Hello sir,
What is DMA
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bhagat109 suhail369
@suhail369, Daily Moving Average. or Simple Moving Average
(DMA = SMA = MA)
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suhail369 bhagat109
@bhagat109, thanks
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