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Ublltd

NSE UBL is Declining, But Major Support Is AheadTimeframe: weekly UBL created an all-time high at 1785 and started declining to overcome the demand pressure. Bulls pushed prices extremely high, and bear found that convenient to sell. The stock has respected equilibrium in the parallel channel. At this glance, the price is at the lower band of the parallel channel. If the price breaks the parallel channel, it has to break the pivot level 1452 . Or the price will give a fake-out and enter into the channel. The level of 1452 was a monthly resistance level, which became the support level for the current price. We can strong move below this level, and rejection will lead us to the end of correction. Timeframe: Daily After creating the extreme low of 749.50 , UBL has started forming an ascending channel. Excess: In this channel, we can see five excess at the upper band of the Parallel lines. 1. Excess - 1008 2. Excess - 1047 3. Excess - 1166 4. Excess - 1329 5. Excess - 1185 We also have two excess on the lower band of the parallel channel. 1. Excess - 912 2. Excess - 1051 It indicates that supply pressure has always tried to push the price up. At high prices, bulls realized that They couldn't push anymore. Seller started controlling demand pressure by supply. Bull responded to selling pressure with a responsive move. Less excess on the lower band means that buyers haven't missed responding. No trading zone: No trading zone is an extent wherein speculators or investors are avoid trading. At the upper band, the length of the no trading zones is similar. Zone 1: 80 bars, 117 days zone 2: 82 bars,124 days [ Control Line: The Control line has provided nine touches to the price. Price has tried to break the control line more the three times, but it couldn't break the control line, and the price fell to the lower band of the parallel channel. Stand Point: We are using a pivot zone at 1452 to avoid fake-outs. If the price breaks the pivot level, it can go for 1390-1311 . hence, the price is bullish only above the pivot level. I will upload further information before tomorrow's market bell.
NSE:UBL
by forextidings
7
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.
NSE:UBL
by Trading_hawk
6
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.
NSE:UBL
by Trading_hawk
UBLUBL (NSE Cash) LTP: 1206.65 Support: 1185.50 Resistance: 1242.15 Market cap: 307.86B Vol: 1.17M Rel vol: 2.27 Avg vol: 578.59K Float: 64.366M ***All technicals are bullish Daily chart (long term) The first support, 20 DEMA is at 1154.59 and the first resistance is at 1274.45 so the risk to reward ratio is close to 1:1 which is good. The chart is in an uptrend with all candles creating a higher top and higher bottom pattern. 20 DEMA is in a bullish reversal but is still trading under 100 DEMA. MACD, just like DEMA is in the bear zone but with a bullish reversal. RSI on the other hand is strong in the bullish zone trading well above the 50 levels. ***all signs look good. Hourly chart (medium term) candle patterns are unclear but the chart looks to be in an uptrend. MACD is in the bullish zone but is trading sideways. RSI is in the overbought zone. ***We can expect a running correction. 15m charts (short term) 20 DEMA is trading above the LTP at 1203.39 and the candles have closed below it at 1198.50. My first support comes at 1185.50 so we will wait and see if these levels are broken or respected. There is a lot of selling pressure on MACD in this period but RSI has shown strength and has managed to respect the 50 level. ***The daily charts look good which means we will go long for short term targets of 1240 and 1270 but we will also wait for the right entry signals.
NSE:UBLLong
by virralthakkaar