united breweries l NSE:UBL
refer chart for day trading levels
trading tips:-
1) don't Invest more than 10% of your total seeds in any call.
2) Never trade without stop loss.
3) Use trailing stop to maximize your profits
UBL
UBL BULLISH THERE IS HAMMER CANDLESTICK FORM ON HOURLY CHART AT DEMAND ZONE.
SO I SEE BULLISH REVERSAL FOR MENTIONS LEVELS
UBL weekly chart analysisAs seen on UBL weekly chart the upside looks capped and there is a high probability of a bearish move once 1215 is broken.
UBL bulls who bought it at very low levels and currently holding it with profit can book profit on every rise or maintain a save profit at 1215 to preserve your profits.
Investors avoid it completely (even buying on dips/averaging).
Lets wait for UBL to test the channel bottom and we can decide our next move after that.
UBL DAILY TURTLE WALKUBL, DAILY price may take some rest at 100 sma if it does'nt give support 200 sma may come into play.
UBL CROSSING BELOW 8, 13, 21 AND 55 SMA - SELLSELL IF IT CROSSES BELOW 1320
TGT 1 - 1290
TGT 2 - 1260
LONG UBL || SL : 1354 || BUY ON DIP - FOR 12TH FEBBuy 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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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. Any opinions, news, research, analyses, prices, or other information offered is provided as general market commentary, and does not constitute investment advice. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Strong technical chart 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!
