Bata broke the trendline it has been following for past few months and closed well below it.
Sell on a pullback towards 1135 areas with a cksoing stoploss above 1159 Target 1084
The log-normal monthly chart of NSE FMCG. The price action broke out of blue parallel channel and since then trading in narrower and steeper yellow parallel channel.
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.
stock looks good for short term ...
not recommendation ..but expressed wat i feel the stock may go!!!!..
consult ur financial advicer before any decision
posting it because someone asked me to do so on twitter!!!!
let it come to the levels where it would be a favOur able risk reward as it is always better to not to take a trade then to take a wrong trade ...
i can be wrong!
Dabur has formed a rounding bottom pattern on daily and weekly charts.
Buy above: 317
Target1: 350
Target2: 375
SL: 296
PS: There are different school of thoughts on trading a rounding bottom pattern, i.e entry, target, SL. Please use the entry, target and SL as per your analysis.
Sometimes I get queries as Why not exact stops or target ? It will be more helpful for Us. Guys,
i) I don't know your capital
ii) I don't know risk ability you can afford
iii) I don't even know which trade setup or strategy you use to enter the trade on what timeframe
iv) I don't know how long you can hold the trade ( Intra or swing )
v) I don't know you are...
