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.
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
NSE:UBL
UBL has given a breakout above its resistance with good volume. The stock looks bullish now for a movement towards 1080/1130.
RSI(14) > 60
PRICE > 50EMA
Keep SL as per your RR.
I will trail my SL after TGT1 hits.
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.
UBL is trading in a range from past 2 months and as we can see selling pressure with good volumes in last trading sessions.
Incase if breaks low of yesterday and sustains below 930, we can see further low and can test 880 levels.
Pls add to watch list
