Ready to Fight with Market #UBLPreviously our SL hit in this after provide 0.5% move
But this time we have 2 confirmations
Rounding bottom, inv H&S pattern
Stock look strong above 1319 level
For EDUCATIONAL Purpose
Thanks
UBL trade ideas
UBL GOOD LONG CANDIDATEUBL SPOT CMP 1297
NEAREST RESISTANCE IS 1308 LEVELS,, ABOVE THAT COUNTER MAY GIVE SHARP UP MOVE OF 5-7-10%
ASCENDING TRIANGLE PATTERN FORMATION HAVING RESISTANCE LINE AROUND 1308
INVERSE HEAD AND SHOULDER PATTERN FORMATION HAVING NECKLINE AROUND 1308
VCP PATTERN FORMATION CONFIRMS BREAKOUT ABOVE 1308 LEVELS
Long positions can be created above 1310 levels ,, with stoploss of 1270 on hourly closing basis,, for upside targets of 1375-1400-1425-1450..
Good long candidate.
LongTarget 1337,1365
SL 1254
It's a paper trading account, Not meant for calls and tips but used as a record for my learnings.
UBL possible breakoutThe stock looks very strong - it didn't fall with the market. As of now, the 1300-1320 has been tested multiple times & a breakout with good volume can be a nice momentum trade.
Against the MARKET __Intraday ideaFor educational purposes
The stock makes rounding bottom pattern
& looking good to long above high of 1312.10
With strict SL of 1299.70
Follow Risk management
Book 75% at 1:1 rest trail
Be cautious trade is against trade.
Thanks
UBL - Trendline ObservationsTrendline Observation(s). A simple trendline breakout on 30M Chart of UNITED BREWERIES. BUY strictly above 1320 only. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
UBL BACK AT RESISTANCEUnited breweries is back at an important resistance.
Please like and follow - I post simple chart patterns only.
NSE:UBL
Ascending channel, Enter at 1246 Stop loss: 1167 Target: above Ascending channel,
Enter at 1246
Stop loss: 1167
Target: above 1350
UBL Channel Breakout - Intraday to positionalNSE:UBL Levels already mentioned.. Look for Intraday to Positional..
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Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... After market opens, the condition might change so learn to handle for different conditions..
4. To learn more about patterns, Psychology behind the trade and price action trading... contact us.. Thanks.
Flag Pole structure in UBLPost is for educational purpose only. Please consult your financial advisor before taking any trading decision. Always use a stop loss to minimize your risks.
Cup and Handle FormationThe stock is making a cup and handle pattern and looks good above 1267 level.
UBL LOOKS GOODUBL cmp 1249
looks a breakout counter for a fresh upmove
all good till 1193 level is intact in closing basis !!
Buy on dips ...
TGT may be 1295/1352
Keep on radar INDUSINDBANK. JSWSTEEL, CIPLA, DRREDDY, GRASIM for long .
I had already shared Indusind bank.
Let's see what happens....
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
