UBL trade ideas
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.
MACD, just like DEMA is in the bear zone but with a bullish reversal.
RSI on the other hand is strong in the bullish zone trading well above the 50 levels.
***all signs look good.
Hourly chart (medium term)
candle patterns are unclear but the chart looks to be in an uptrend.
MACD is in the bullish zone but is trading sideways.
RSI is in the overbought zone.
***We can expect a running correction.
15m charts (short term)
20 DEMA is trading above the LTP at 1203.39 and the candles have closed below it at 1198.50. My first support comes at 1185.50 so we will wait and see if these levels are broken or respected.
There is a lot of selling pressure on MACD in this period but RSI has shown strength and has managed to respect the 50 level.
***The daily charts look good which means we will go long for short term targets of 1240 and 1270 but we will also wait for the right entry signals.
intra idea TL and C&H UBLstocks looks good above 1148 TL and C&H BO
SL and target mentioned by red lines
educational idea
trade with risk management
UBL - BullishUBL for Buy
Rounding Bottom
Consolidation at Trendline
Consolidation at 100 EMA
On the Verge of Breakout
Bullish Crab UBL one hour chart Buy Range 1080-90
Target 1250
View Negated below 1050
daily close
Thanks
Jigar Pateel
8898030401
UBL SHORT-TERM SWING TRADEpin bar candle is formed and it signifies a trend reversal
as India facing the 2nd wave of covid-19 so there will high probability to see a falling market
my suggestion is you to put a strict stop-loss in your every long trades
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UBL In Tripple Zig Zag correction countFrom chart one can easily spot W=Y=Z.
Stock has taken support at lowet channel formed hammer candle on weekly and daily charts.
X wave coming down has broken channel on downside which is shown by excess tail of hammer. So on account of this good chance of breaking uppar channel as well so targets 1470-1500
Strict small stop loss 1051
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
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UBL Intraday ViewUBL : Intraday
Looks Weak
Symmetric Triangle Breakdown done
Short below 1095 with SL 1110
# UBL , Waiting for Good buying levelDisclaimer - I an not SEBI registered &
authorized analyst personal.
Buy according your risk.
Only educational.
[Buddha] UBL Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low. I will skip if long triggers. You may take
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
UBL AT verge of BREAKOUTUBL IS at a very crucial level and has formed a symmetrical triangle pattern with a very good consolidation of two days
it may breakout upside or downside and can give a very good movement in next couple of days.
