UBL (NSE Cash)
LTP: 1206.65
Support: 1185.50
Resistance: 1242.15
Market cap: 307.86B
Vol: 1.17M
Rel vol: 2.27
Avg vol: 578.59K
Float: 64.366M
***All technicals are bullish
Daily chart (long term)
The first support, 20 DEMA is at 1154.59 and the first resistance is at 1274.45 so the risk to reward ratio is close to 1:1 which is good.
The chart is in an uptrend with all candles creating a higher top and higher bottom pattern.
20 DEMA is in a bullish reversal but is still trading under 100 DEMA.
MACD, just like DEMA is in the bear zone but with a bullish reversal.
RSI on the other hand is strong in the bullish zone trading well above the 50 levels.
***all signs look good.
Hourly chart (medium term)
candle patterns are unclear but the chart looks to be in an uptrend.
MACD is in the bullish zone but is trading sideways.
RSI is in the overbought zone.
***We can expect a running correction.
15m charts (short term)
20 DEMA is trading above the LTP at 1203.39 and the candles have closed below it at 1198.50. My first support comes at 1185.50 so we will wait and see if these levels are broken or respected.
There is a lot of selling pressure on MACD in this period but RSI has shown strength and has managed to respect the 50 level.
***The daily charts look good which means we will go long for short term targets of 1240 and 1270 but we will also wait for the right entry signals.
LTP: 1206.65
Support: 1185.50
Resistance: 1242.15
Market cap: 307.86B
Vol: 1.17M
Rel vol: 2.27
Avg vol: 578.59K
Float: 64.366M
***All technicals are bullish
Daily chart (long term)
The first support, 20 DEMA is at 1154.59 and the first resistance is at 1274.45 so the risk to reward ratio is close to 1:1 which is good.
The chart is in an uptrend with all candles creating a higher top and higher bottom pattern.
20 DEMA is in a bullish reversal but is still trading under 100 DEMA.
MACD, just like DEMA is in the bear zone but with a bullish reversal.
RSI on the other hand is strong in the bullish zone trading well above the 50 levels.
***all signs look good.
Hourly chart (medium term)
candle patterns are unclear but the chart looks to be in an uptrend.
MACD is in the bullish zone but is trading sideways.
RSI is in the overbought zone.
***We can expect a running correction.
15m charts (short term)
20 DEMA is trading above the LTP at 1203.39 and the candles have closed below it at 1198.50. My first support comes at 1185.50 so we will wait and see if these levels are broken or respected.
There is a lot of selling pressure on MACD in this period but RSI has shown strength and has managed to respect the 50 level.
***The daily charts look good which means we will go long for short term targets of 1240 and 1270 but we will also wait for the right entry signals.