One Right Trade's Swing Trade Idea #197 : Long on UBLThis is a public swing trade idea from "one right trade" and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
UBL
UBL: Can go long with strict SLIt looks like UBL is ready to give a break out on the long side. It has been creating lower lows since the last three days, the crash of 300 points on Nifty has no effect on it. It has good support at 940 levels. Risk averse traders can go long with a strict SL below the trend line while a slightly riskier trade would be to go long with a SL around 935-940 on a closing basis. Note: This is only for educational purposes.
#Oct16 - UBL (intraday+swing) - Major ResistanceWe could see a good in this stock as the stock has been continiously testing the resistance at 980. Also their is chance for a breakdown below 960.
Buy above 980
Sell below 960
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
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Happy Trading!!
UBL : Swing short - Early entry using DivergenceD has a couple of NRCs at W RT.
75m has 2NRD with RSI with trigger and a recent NRC in formation
15m has NCC after a pullup with can give a nice swing move down.






















