Ubllong
10/11/2021 Research Report For UBLDisclaimer:
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 financial adviser. Your any profits and loss are totally your liability. No one is liable for that. Also, please note we will not never compensate your any loss. So before investing any single rupee, please do your own research according to your risk taking capacity and after that do invest and book profits on right time.
Buy at C.M.P (Current Market Price) to maximum 1790
Target 1: 1840
Simple Trade Setup | UBL | 13-09-2021NSE:UBL
Observations:
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.
2)On 1hr Time Frame: Previously it has made the breakout of W pattern and made very bullish move after the breakout.
Please refer below chart : 1hr time frame.
-------------------------------------
Trade Setup for Date 13-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
Please refer below chart for levels.
4) Better to avoid trading in the 1563-1608 range if you are new trader. But one can do scalp between this levels with blue marked levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Simple Trade Setup| UBL | 31-08-2021NSE:UBL
Observations:
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.
2) On 15 min time frame we can see that it has been trading in parallel channel/
Please refer below chart: 15 time frame.
-------------------------------------
Trade Setup for Date 31-08-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level tomorrow.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
UBL for 27.05.2021was consolidating in narrow area , may give breakout either side.
1. Ubl looking strong above 1312, you can have a long position above it , with a stoploss of 1303.
2.Upside targets will be 1323 and 1333 consequently.
3. looking weak below 1294, for the targets of 1281 and 1271, maintain stoploss at 1303.
4.Idea will remain invalid if it opens big gap up or big gap down.