Hi, NSE:UNIVCABLES has given a Bullish Flag Breakout on Daily charts with very good volume. MACD is also on the bullish side on daily, weekly and Monthly time frames. RSI is also on the bullish side on daily and weekly time frames. In the current market scenario, I am expecting that the bullish momentum will continue. Complete price projection like entry,...
Universal Cable analysis for mid to long term view. Everything is explained on the chart.
Triangle pattern in Universal Cables Limited. wait till volume breakout.
* Two chart pattern completing at the same time ( Inverted Head & Shoulder and Symmetrical Triangle ) High conviction set up .If it made above 200-day moving average gives more confident . * In daily time frame high volume buying initiated today that gives gives a bullishness sign . ** Before the breakout this stock made a symmetrical triangle pattern and breakout...
Hope you understand the language of PRICE
One can look fresh in range 135-145 for upside levels 180-200 with SL 118..!!!
The stock has been in a consolidation for a while now. There has been some semblance of buying interest in the past few weeks. The recent price action indicates tight consolidation near a short-term resistance. A breakout past 110.6 would be interesting event to look forward to. Am watching this one for potential long entry.