UBL trade ideas
UBL - 6 months - Triangle - Break !!Price after a sharp move from the support way below formed a triangle pattern to break out to reach the resistance levels, everything went perfect until price reaching the 6 months resistance levels. As soon as the price reach the resistance levels price got rejected and closes below the resistance ( not even at the resistance).
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Triangle breakout (14/11/2020&16/11/2020) Enter if proper breakout happen in triangle
please trade with stop loss(note:trading without stoploss is called Gambling )
follow,Like and support
Refer previous analysis of mine all are jackpot calls(only one analysis for a day it will give more than 10% points)
[Positional] UBL Fundamental BetCorona Tax Backfired. Expecting reversal of taxes.
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UBL CUP AND HANDLE LONGUBL 30 min TF Cup and Handle long ; intraday trade.
BUY-932
SL-922
TARGET- 939.5-944-950-953.5
R:R-1:2.3
**valid only if upl opens below 930
Ascending Triangle PatternThe stock is making an ascending triangle pattern and looks good above 912.5
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
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Happy Trading!!
