Disclaimer: I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note we can use this research in my own portfolios. So don't influence yourself by this research. Please note before investing according to this educational research, please do own research and also do take advice from your...
A multi-year breakout is about to happen in UBL on a weekly basis. Golden crossover has already happened in the Daily chart and is bound to happen in the Weekly chart which will create a new All-time High for this stock. With higher vol in the previous weeks, this stock will be able to deliver good returns in short to medium terms.
In the daily chart if we draw Fibonacci Retracement from top to bottom then we can clearly see that United Breweries is exactly reversed from 38.2% retracement level. Take long position guys for the target of 1315.
Cup & Handle Breakout The Stock can be bought above 1099 levels Target 1184 Target 1220 Stop Loss 990 levels