UBL broke recent Market structure and Ready to Shoot-up. Long May_2024 Futures and Wait for entry as per the prediction. UBL has made record sales in INDIA due to summer season and Stock is also Supporting As per the fundamental news. Ride the trend until it breaks the previous market structure and Stoploss is 200 EMA. Happy Trading!!. Only for educational purpose.
UBL breaking c&h pattern #weekly basis,good volume building up macd crossover done trading at ATH #target 2400 #positional trading EDUCATIONAL IDEA
on weekly charts , price forming a hammer MACD 3-6 about to crossover in positive direction Target and SL marked
Good breakout in UBL after long time. Let's see if it can make ATH :) I bought UBL FUT at 1925 - UBL was trading around 1920 in cash market.
ubl chart trading near its 52 weeks high, note that the volume is also looking good. so its time to add to your watchlist
UBL CMP 1837 I had recommended this counter before. A monthly close above 1900 will be very positive. I will say lap on to this one on a close above 1900. My minimum tgt is 2900 on this.
UBL Near Breakout Zones keep an eye, Staying above 1745 may move towards 1800 levels
UBL - CMP 1738 the stock has been trading in a channel for years now. Fib study is indicating strength now. It has retested its breakout zone post hitting fib extension at .618. My first target is 2670 which is a cool 50% from CMP.
In the Weekly Chart of UBL , we can see that; it has created a Bullish Hammer candle in Trendline after breakout. We can a strong up move from here.
UBL progress in monthly target. wait for cross and close this trend line. after it can reach up side level.
Stock has given the BO of the 1800 level in first week of 2024 and made W pattern. Stock has retested this 1800 level last week which is a good sign. This 1800 level is a strong resistance from last 3 years, since 2021 and now acting as a support. This makes a good swing trade opportunity. TGT : 1950, 2100, 2250 SL : 1650 This analysis is just for educational...
The stock looks to complete a AB=CD pattern around 1870-1900
Buy for target 1900 in one month, can be entered in futures or option Sl daily close below 1720
United Breweries Ltd Near the breakout RSI Bullish Weekly and Daily chart show the price is near the breakout.
Chart Type: Heikin Ashi Timeframe: Daily Technical Data: Support Zone: 1535 to 1551 Upside Target 1: 1602 Upside Target 2: 1687 Downside Target 1: 1472 Trendline: Positive 1472 Level : Strong Support Moving Averages: negative Bollinger Bands: Volatility Range: 1502 to 1669
A text book pattern can be seen in UBL after a strong downfall since december 2022 prices started to consolidate near may-june and formed a cup and handle pattern. Breakout done with decent volume and strong candle. As per pattern target can be its all time high i.e. 1800, but let's take a small target of previous swing high which is 1685 with a stoploss below...