A channel breakout likely!!UBL CMP 1837
I had recommended this counter before. A monthly close above 1900 will be very positive. I will say lap on to this one on a close above 1900. My minimum tgt is 2900 on this.
UBL trade ideas
All set for new highsUBL - 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.
UBL - Weekly AnalysisIn 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.
UBLUBL progress in monthly target. wait for cross and close this trend line. after it can reach up side level.
UBL A GOOD BUY 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 purposes. Do your own research before investing in any securities.
Buy for a target of 1900Buy for target 1900 in one month, can be entered in futures or option
Sl daily close below 1720
United Breweries Ltd Near Breakout United Breweries Ltd Near the breakout
RSI Bullish
Weekly and Daily chart show the price is near the breakout.
United Breweries (UBL) Daily ChartChart 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
Cup and Handle breakout and retest in UBL.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 1600.
Tell me what do you think of this analysis.
Based on technical analysis, UBL exhibits strong upward momentumBullish sentiment prevails in the technical analysis of the asset, with indicators suggesting potential for upward price movement.
Enter 1620-1630
Target 1700,1750++
UBL - LONGUBL 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 breakoutUBL :
Cup & Handle breakout observed
Need to sustain 1690 for possible stronger upmove
UBL C&H BREAKOUT ON WCBUBL also breaking C&H on WCB
huge volume
strong RSI
target can be 1786
educational idea only
UBL C&H BREAKOUTUBL breaking C&H pattern
huge volume
trading above all key ema
#weekly basis also same breakout
check weekly chart also posted👆
educational idea only
Short Term Trade UBLOn higher time frame (4 hrly chart), the stock is trading in a rising parallel channel (marked as purple lines)
Accordingly, price found support at the levels around 1506 (demand zone)
On sept 1, Price reversed from that level, the rise from there is accompanied with rise in volume, and bullish candles, and rise in ATR
Keep SL below the rising purple supportline
Thus, there is a short term trade , tgt and sl are marked on chart
UBLUBL :- Those who are planning an aggressive trade can do so in this stock after the breakout of level 1557.75 and those who are planning a very safe trade can do so after the breakout of level 1606.05.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
UBL cup & handle pattern on weekly chartsuggest me if this is right or wrong.
seeing a cup & handle pattern and expecting trend continuation if breakout is given
UNITED BREWERIES LTD (NSE) SHORT OPPORTUNITYIdentified Bearish Range ..
Good opportunity to Short In my view..
