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...
1) On 15min time frame, It has made a big bullish candle on 2nd Sep. High of that candle was 1608.25 and low of that candle was 1564.20.
Since-then it has been trading sideways in this range and not able to give sustainable breakout on either of side.
Please refer below chart : 15 time frame. ...
#UBL #unitedbreweries potential breakout
breaking out of a major 3 year old resistance and weekly momentum rang shift and bounce in progress
could go long if a green close seen above the resistance on daily. Momentum
and trend is bullish all around. Could be into watchlist for now
1) On Daily time frame it took good support and reversal from 21DMA. And now it is in the critical range and it is to break it or leave it.
Once it starts to stay and trade above 1475 level then it will be good for positional trade with 5% target.
Please refer below chart : Daily time frame. ...
Hourly Closing above line is imp.
sl and targets mentioned on chart.
*I am personally not trading this one. Also, I dont hold any in my PF as of now.
I dont expect a straight move and can take 1-2 weeks.
Sl, hourly closing basis.
1-Script at major resistance level
2-No support from major indices
3-Insipite of major volume on some bars the price didn't move anywhere fluctuated around the zone
/Absorption on previous resistance zone
//Buyers not able to push the price
5- Wait for breakout on either side
Breakout with volumes can be seen on the daily chart.
Can wait for good retracement for the continuation.
PS: This is my own view and analysis, not a suggestion or a recommendation.
Plz analyse before trading!
On daily chart - triangle (yellow line)
On weekly chart - channel - (purple line)
On monthly chart - (whitish line)
All are on same zone. Expecting some breakout soon.
Can be traded both the sides based on the trend lines.
Disclaimer - This is my own analysis and view. You might want to analyse yourself before trading.
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.