United Breweries - WeeklyUBL has broken a trendline with good volume but the Risk-Reward is not that great. Post 1500 level it will open up ATH levels for positional traders.
UBL trade ideas
Inverted head and shoulderUbl given break out retested the support of inverted head and shoulder pattern towards up
[Intraday] UBL Buy Idea / [Positional] UBL Short IdeaNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. Please refer to the link to my footer and explore further if You want.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
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UBL for 27.05.2021was consolidating in narrow area , may give breakout either side.
1. Ubl looking strong above 1312, you can have a long position above it , with a stoploss of 1303.
2.Upside targets will be 1323 and 1333 consequently.
3. looking weak below 1294, for the targets of 1281 and 1271, maintain stoploss at 1303.
4.Idea will remain invalid if it opens big gap up or big gap down.
UBL Interesting setupUBL :
Interesting Setup
Cup & handle Breakout, Trendline breakout
Sustaining 1320 is crucial for 1400 with support at 1280
UBL | At an interesting juncture
UBL has been trading between Gann levels 1225 and 1191 since 28-APR-2021 | Revolving around Gann level 1208
Combination of a long term trend line (dotted blue) and Gann Level at 1191 | A strong support zone
Sustaining above 1225, price can head higher | sustaining below 1191 creates a possibility of sharp down move
Support : 1174 / 1157 / 1140 / 1123 / 1106 / 1089
Resistance: 1225 / 1243 / 1261 / 1279 / 1297 / 1315
1297 to 1315 seems to be a strong resistance zone | combination of a multi year trend line (dotted pink) resistance and Gann Level 1315
Color codes:
45 Degree Gann Level : BLUE
90 Degree Gann Level : ORANGE
135 Degree Gann Level : LIME
180 Degree Gann Level : RED
UBL WEEKLY PICK THIS VIEW IS BASED ON
CUP AND HANDLE FORMATION AND HARMONICS REVERSAL
CMP 1209
BUY AND ACCUMULATE TILL 1190 BEST BUYING RANGE (1190 TO 1210)
KEEEP STOPLOSS A S 1170 ON WEEKLY CLOSING BASIS
FOR WEKLY TARGETS
1217/1236(MAJOR BRERAK OUT LEVEL)/1253/1266/
1288//11302/1328+
UBL (Breakout Possible)Has been range bound for sometime . Can give a good upside move. Trade as per ur risk.
Short term target for united spirits as per chart,Long it!!asper chart ,30min, short target is 1260, den go further for long term
