UBL - Breakout trade - Cup & Handle
Updated
Stock has formed a cup and handle on weekly time frame.
Last Week volume action visible after 3 months.
Stock holding 20 SMA for last 5 months.
Stock near to life highs.
Trade management
SL 1600-1620 are that comes around 7%
Ideally SL should be around 1560 area but that comes around 10%, which comes beyond by risk criteria.
Last Week volume action visible after 3 months.
Stock holding 20 SMA for last 5 months.
Stock near to life highs.
Trade management
SL 1600-1620 are that comes around 7%
Ideally SL should be around 1560 area but that comes around 10%, which comes beyond by risk criteria.
Trade closed: stop reached
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