Invesrse Head and shoulders pattern in UBL.
Broke Neckline of 1067 today with very heavy volume at the end of the right shoulder.
CLear long signal..
Major resistance is near 1200 levels.
1200 is on the cards very soon.
Please use 3mins chart if the script open and close within the Green and Red Line its high probability trade do not waste time if open Gapup and Gap down. Can Initiate position as per the direction.
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
2 possible cases:
1. can make the rectangle box a support and rise. Go Long and hold
2. Can go below the box and rise up again from the blue trendline. You may want to go Short first and then go for Long and hold.
Add it to your watchlist
Buying oppurtunity can be seen above 618
Target 1 - 628
Target 2 - 638
TIGHT SL according to your risk!
Disclaimer : Only for educational purpose. Please consult your financial advisor before putting money into the market!!!
Levels are mentioned on chart for Swing trading.
Please check the description section for early entry level in given stock to get better Risk to Reward ratio.
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Early entry: 600
Thank you. Happy Trading!!!