UBL is looking good above 1572 for the upper marked targets on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
UBL looking good to Buy if sustains above 1571 for the upper marked targets on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Disclaimer:
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...
NSE: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...
NSE: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...
was 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.
