UBL trade ideas
Another opportunity to enter trade, Price at retesting levelAfter a weekly breakout price came back to retesting level and formed a engulf candle , place stop loss below the engulf candle and exit with good RRR .
UBLThe stock has given good weekly breakout and it has tested its previous level and stock is ready for next big movement. So keep an eye .
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Go short below 1172 Below 1172 sell
Below 1172 purchase
1172 level will act as support and resistance
UBL Clearly on Major Support Level Above 1230 It can go 1400+UBL Clearly in Uptrend in weekly chart .
1) Area of supply (Resistance) Turns into demand zone ( Support ).
2) Confluence of Trendline and 200 DMA . Which works as support too.
UBL perfect for Short-SellSatisfying multiple checks :
1. Oversold zone
2. Support turned resistance zone
3. Parallel Channel upper resistance
4. High wicks on upper side than lower
Comment if you have any other doubts. Thanks !! Personal entry is taken...
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UBL Intraday analysis UBL Equity (Cash)
Entry : 1269.50
Stop Loss : 1261
Target : 1279/1286
The analysis is based on simple price action only. Entry point given are valid if the resistance / support breaks convincingly. For that learning candlesticks psychology is a must one.
Note : Don't jump in to the trade once market reach the entry level, most of the time will get better entry and that gives better reward. And always trial stop loss to take full target..
BUY UBL Above 1160 TGT 1366 SL 892The symmetrical triangle formed in UBL 1 day candlestick chart. It gives a breakout and possibly hit the target.
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 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
