Hi guys, today I'm back with a stock MRPL and as you can see it is on the resistance of the channel and 200 ema and telling us to sell, Thank You
datamatics global is going to give you a decent return within a month target 1&2 mention on chart
Acc about to break the bigger channel in monthly timeframe. A good long term swing trade on the upside with a good risk to reward.
as we can see clearly the price is moving in a downwards channel now it reversing from the bottom of the channel by forming a bullish engulfing candle in daily so we will wait for a 50% pull back of the daily candle to see potential buy set ups .
TREND ANALYSIS & TRADE SETUP Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. June Series Option can be tried. Wait for entry setup, if available then Long/short. Reward is 7-8 Times
On analyzing the ongoing price action and wave analysis it seems that UBL will try to touch upper boundary of the bullish channel. Red lines on the chart indicate nearest resistance.