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UBL is ready for Correction
UNITED BREWERIES LTD
Short
UBL is ready for Correction
By FiveCircles
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Jun 10
4
Jun 10
UBL us around the long term Resistance !!
UBL may correct around 2200-2300 level if Resistance is not broken
Also if anyone already has the stock then they may use trailing Stop Loss to limit their Loss and to book Maximum profits from it
Also Stock is making Broadening Pattern on a Daily timeframe
If stock sustain above 2200-2300 levels then It will be multiyear breakout and we can see huge upsidde in months to come
But for now Its around the resistance !!
Thank You !!
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