Buy UBL on a dip with a SL of 1354 and targets of 1396/1410. Intraday.
Adjust trading volumes as per entry price.
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stock has reversed from previous high which has provided crucial support to the stock. It has retraced 50% of its current move also on daily chart it has given breakout from descending triangle if we go buy the measurement rule the next likely target for the stock comes around 1550/1600 with strong support at 1280!
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.
UBL retest in previous high keep watch before enter the trade...
Entry 1277 to 1314
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
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