UBL trade ideas
UBL :: Exactly reversed from 38.2% retracementIn the daily chart if we draw Fibonacci Retracement from top to bottom then we can clearly see that United Breweries is exactly reversed from 38.2% retracement level. Take long position guys for the target of 1315.
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
