UBL has given a breakout above its resistance with good volume. The stock looks bullish now for a movement towards 1080/1130.
RSI(14) > 60
PRICE > 50EMA
Keep SL as per your RR.
I will trail my SL after TGT1 hits.
UBL is trading in a range from past 2 months and as we can see selling pressure with good volumes in last trading sessions.
Incase if breaks low of yesterday and sustains below 930, we can see further low and can test 880 levels.
Pls add to watch list
This is a 45 minute chart of UBL.
Stocks formed a bearish Head and Shoulder pattern at higher levels and broke down. Now its retesting the neckline at 1364 levels which may be a good selling opportunity.
Sell UBL at around 1360 with a closing stoploss above 1375 targets can be 1284 and 1256.
Decisive close above 1275/80 levels will give NSE:UBL wings, can fly to retest 52 wk high of 1314 and close above that can take stock to 1400 levels.
Buy above 1275 (once hourly candle closes above that) with SL of 1250,
TGT: 1314/1353 and above
Off-late I started investigating more on predicting the next candle for the day and seeing enough success by using the patterns of various indicators. Pine scripting in tradingview has helped a lot to automate everything and create necessary signals. Based on the engine's call, tomorrow (26-Mar-2018) will be a super "RED" for NSE:UBL