Bullish sentiment prevails in the technical analysis of the asset, with indicators suggesting potential for upward price movement.
Enter 1620-1630
Target 1700,1750++
UBL chart is showing a clear cup and handle breakout.
Breakout is supported by a great volume as indicated in the chart.
In near term, chances of it going upto 1850 are high.
Target: 1,850
SL: 1,560
It's my view, please do your due delligence!
On higher time frame (4 hrly chart), the stock is trading in a rising parallel channel (marked as purple lines)
Accordingly, price found support at the levels around 1506 (demand zone)
On sept 1, Price reversed from that level, the rise from there is accompanied with rise in volume, and bullish candles, and rise in ATR
Keep SL below the rising purple...
UBL :- Those who are planning an aggressive trade can do so in this stock after the breakout of level 1557.75 and those who are planning a very safe trade can do so after the breakout of level 1606.05.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be...
#UBL...
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a good movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
📉 Alert! Bullish Pattern Spotted 🐻
📊 Pattern: Bullish Continuation Wedge Pattern
📌 Symbol/Asset: UBL
🔍 Description:
Overall bullish stock seems to have Bullish Trend Continue in days to come
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Chart patterns look apt for a short trade in UBL
REASONS
1. In Monthly time frame, UBL has been trading inside an Ascending channel pattern taking support and resistance at perfect levels till now. (shown below)
2. Right now, it is under its down swing move inside the Ascending channel pattern
3. In Daily timeframe , Bearish Flag pole pattern...
Perfect swing trade with low risk
2 conformation Elliott 5th wave and shark .
In lowers time frame smc concept
entry -1444
Sl -1405( around 2%)
Target -1590 ( 9/10%)
If you are price action traders then take w pattern break out
entry 1475 above
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
both side potential
wait for box breakout
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
both side potential but I'm interested in long side
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
