Lucifer759

UBL Retests Bearish H&S neckline

Short
NSE:UBL   UNITED BREWERIES L
This is a 45 minute chart of UBL .
Stocks formed a bearish Head and Shoulder pattern at higher levels and broke down. Now its retesting the neckline at 1364 levels which may be a good selling opportunity.
Sell UBL at around 1360 with a closing stoploss above 1375 targets can be 1284 and 1256.
Trade closed: target reached: 1284 reached. Trade closed.

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