UBL Swing scenario....After a long consolidation and forming an inverted Head and Shoulder pattern, price broke neckline with massive volume. Now we expect a price reversal, once price retraces till the the POI and shows rejection at that zone.
Please do follow me if you liked the idea💡...
Disclaimer ⚠️:This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) and check with your financial advisor before making any trading decisions ⚠️⚠️.
Unitedbreweries
United Breweries Ltd for Long-Term investment?Starting date 01Jul2008
First low 01jan2009 @63.05 and it is low to All-Time.
All-Time High 03Jun2024 @2,182.45
United Breweries Limited (UBL) is engaged in the business of manufacture and sale of beer and non-alcoholic beverages.
The Co markets its products under the flagship brands Kingfisher and Heineken. Some of the most popular brands in its portfolio include Kingfisher Premium, Kingfisher Ultra, Kingfisher Strong, Kingfisher Ultra Max, UB Export Lager, London Pilsner etc.
The Co has a mark
UBL Brewing down to its Major Support ??!!!Chart patterns look apt for a short trade in UBL
REASONS
1. In Monthly time frame, UBL has been trading inside an Ascending channel pattern taking support and resistance at perfect levels till now. (shown below)
2. Right now, it is under its down swing move inside the Ascending channel pattern
3. In Daily timeframe , Bearish Flag pole pattern developing and due for BREAKDOWN!!! (shown below)
4. In 4 hr time frame, it is looking good to enter the trade ( STRUGGLING TO MAKE HIGHE
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
UBL - POTENTIAL POSITIONAL OPPURTUNITYUBL is on a multiple time tested support and is also getting several bounces from the 200 ma cluster.
A great swing opportunity can be captured for 15%-20% gains
On daily tf 1485 - 1500 is a well maintained support and the stock has managed to close above that for several times.
200 MA last resort to bulls and shows a good bounce.
Sitting on the BOS & Flip Zone
Support buy (Small sl risky trade/ better reward) - 1500
Breakout buy - 1570
Targets mentioned in the chart above
Please LIKE, COMM
UBL LONG SETUP NSE:UBL
Aggressive entry at CMP 1335
Retest entry of at around 1310-15
Stop Loss at below 1235 on daily closing basis
Short-term target 1504, 1563, 1645++
Nice formation of IH&S Pattern
Disclaimer -
This is our personal view and this analysis is only for educational purposes.
Please consult your advisor before investing or trading.
You are solely responsible for any decisions you take on basis of our research.
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.
----
#UBL #unitedbreweries potential breakout#UBL #unitedbreweries potential breakout
breaking out of a major 3 year old resistance and weekly momentum rang shift and bounce in progress
could go long if a green close seen above the resistance on daily. Momentum
and trend is bullish all around. Could be into watchlist for now
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.
-------------------------------------
Trad
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.























