UBL trade ideas
UBL: Can go long with strict SLIt looks like UBL is ready to give a break out on the long side. It has been creating lower lows since the last three days, the crash of 300 points on Nifty has no effect on it. It has good support at 940 levels. Risk averse traders can go long with a strict SL below the trend line while a slightly riskier trade would be to go long with a SL around 935-940 on a closing basis. Note: This is only for educational purposes.
#Oct16 - UBL (intraday+swing) - Major ResistanceWe could see a good in this stock as the stock has been continiously testing the resistance at 980. Also their is chance for a breakdown below 960.
Buy above 980
Sell below 960
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
Follow me on tradingview to get such intraday and swing picks everyday.
Happy Trading!!
Breakout of Resistance in UBLBreakout of Resistance in UBL but there is no good Green candle yet formed . Wait for it and go long . Resistance will turn as support and price will move up.
Note: Be careful about the long wick red candle so it may be false breakout so wait until you see big body green candle for confirmation
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
UBL - NSE - Long - Heiken Ashi Chart - CMP - 990.55Enter Monday (12th Oct 2020) open price
resistance / Target - 1070
Support / Stoploss - Closing below 938.25
Increase in volume
Not Recommending - Just an idea.
Make your own trade according to your own analysis.
UBL - HourlyBullish candle pattern at Support level indicates a reversal in UBL. Expecting to see up to 1040 / 1070 levels
UBL- Ascending Triangle Breakout PossibilityUBL:
Ascending Triangle Breakout Possibility
Long above 984 with a SL 975
[Intraday] UBL Buy IdeaAs per charts. If the sell triggers downside it will end in consolidation so I will skip.
UBL Head & Shoulder Chart Pattern !TRADE SETUP !
H & S CHART PATTERN !
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for entry setup, if available then Long/short.
Reward is 5-6 times .
UBL buy at 952 , 22% profit to be expectedI will go LONG on UBL because:
The price is taking support at trend line .
It has touched the support trend line again .
So will look at buying opportunities.
If it falls below the support trend line then short it.
Entry - 952
Target - 1158
Stop loss - 905
