Get started

United

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
UNITED SPIRITS TRIANGLE PATTERNUNITED SPIRITS IS FORMING A SYMMETRICAL TRIANGLE PATTERN IN MONTHLY TIME FRAME AND CAN BE WATCHED OUT FOR POSITIONAL TRADING. ITS HAVING CLEAR SUPPORT FROM AGGRESSIVE BUYERS IN THE LOWER TRENDLINE AND OVERALL ITS IN AN UPTREND. AND THERE IS A HIGH CHANCE OF BREAKOUT IN THE NEAR TERM. IT HAS FORMED A BIG BEARISH MARUBOZU CANDLE IN MONTHLY TIME FRAME ON MARCH AND FOLLOWED BY INSIDE CANDLES IN THE FOLLOWING MONTHS. AFTER THAT HIGH OF THE BEARISH MARUBOZU CANDLE(702.75) IS BROKEN WITH VOLUME AND CLOSES STRONGLY, INITIATING A LONG ENTRY CAN BE CONSIDERED. LONG ABOVE 710 WITH A POSSIBLE TARGET OF 1100 SL 600
NSE:UNITDSPRLong
by NikhilTharakath