FAHEEMSAM

#Oct16 - UBL (intraday+swing) - Major Resistance

Long
NSE:UBL   UNITED BREWERIES L
We could see a good in this stock as the stock has been continiously testing the resistance at 980. Also their is chance for a breakdown below 960.

  • Buy above 980
  • Sell below 960

Note:
  • Avoid the stock if a big gap up or gap down is seen
  • Enter after the breakout happens and not before it
  • Do not chase the market, i.e., do not get involved in late entries
  • Only enter with strict stop-loss and target
  • This is not a recommendation and is for educational purposes only.
  • always follow risk-reward and quantity management for the 100% of the times
  • The above mentioned idea may not work, so beware of the risk you are taking

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Happy Trading!!