on weekly charts , price forming a hammer MACD 3-6 about to crossover in positive direction Target and SL marked
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...
Bullish sentiment prevails in the technical analysis of the asset, with indicators suggesting potential for upward price movement. Enter 1620-1630 Target 1700,1750++
UBL chart is showing a clear cup and handle breakout. Breakout is supported by a great volume as indicated in the chart. In near term, chances of it going upto 1850 are high. Target: 1,850 SL: 1,560 It's my view, please do your due delligence!
UBL : Cup & Handle breakout observed Need to sustain 1690 for possible stronger upmove
UBL also breaking C&H on WCB huge volume strong RSI target can be 1786 educational idea only
UBL breaking C&H pattern huge volume trading above all key ema #weekly basis also same breakout check weekly chart also posted👆 educational idea only
UBL give breakout of an uptrended channel gives TGT 1720 AND 2nd TGT 1800