UBL trade ideas
UBL-LONG price bouncing from 18 day EMA
inverted head and shoulder breakout
price>3>18>590 day EMA
however , 200 day EMA can act as resistance
MACDs are bullish
UBL - Cup pattern formationPredicting a Cup formation if the price reaches 1780 price in next 9 bars (+/- 2).
UBL - Weekly AnalysisIn the Weekly Chart of UBL ,
we can see that; it has retested the W Pattern after breakout .
upward momentum is expected from next week.
UBL go for longfollowing trendline trend , can go for long , following support line and trend breakout possible , entry only after breakout .
UBL Continuation Pattern📉 Alert! Bullish Pattern Spotted 🐻
📊 Pattern: Bullish Continuation Wedge Pattern
📌 Symbol/Asset: UBL
🔍 Description:
Overall bullish stock seems to have Bullish Trend Continue in days to come
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Cup and Handle in UBL (SL on 15 min. candle close)Buy above 1525
SL 1482
Target : 1598-1673
CMP @ 1512 June 18, 2023
Chart by CA Savita Rehlan
UBL IS READY FOR FLY KEEP ON RADARUBL Is ready for fly keep on radar as volume also gaining and rounding bottom pattern following if goes above market label it will go up to target point
BO at an Important support #UBL
- BO after Bouncing from an important support
- Validated with Volume
- Bullish RSI
-: Facing 200 EMA as resistance
Shotter term break out Great volume
Sustained for 2 candle on 2 hour chart
RS POSITIVE on 2 hourly chart.
Small take profit small stop loss.
UBL - Gap Filling PendingUBL :
GAP Filling Pending
Long only above 1513 with immediate support at 1500
UBL - Weekly AnalysisIn the Weekly Chart of UBL,
we can see that; it can show a W pattern Recovery.
it is building a good Price Action.
Ride third wave in the last waveLets study the next path for UBL.
Once it breaks 1800, the third wave can end around 1960, then a pullback towards 1760, giving a more opportunity to add for tgt of 2100 by next year Sept'23
Ubl stock chart is at important level If anyone wants to enter at UBl this is the right time because it is trading at very important level.Its a positional call ,holding period is 3 months. But dont trade without risk managemant. Happy trading !
UBL Brewing down to its Major Support ??!!!Chart patterns look apt for a short trade in UBL
REASONS
1. In Monthly time frame, UBL has been trading inside an Ascending channel pattern taking support and resistance at perfect levels till now. (shown below)
2. Right now, it is under its down swing move inside the Ascending channel pattern
3. In Daily timeframe , Bearish Flag pole pattern developing and due for BREAKDOWN!!! (shown below)
4. In 4 hr time frame, it is looking good to enter the trade ( STRUGGLING TO MAKE HIGHER HIGH)
5. Entry can also be after a 2hr breakdown out of the flag pattern(pink line)
6. Target(bright green)& strict SL(bright red) levels mentioned as Horizontal dashed lines
Let's wait & watch how it moves!!!!
NOTE - Just sharing my view....not a tip nor advice!!!
Regards,
mmjimm ;-)
UBL Cmp 1446 Bearish Engulfing Candle & Volume RiseUnited Breweries Ltd Cmp 1446 dated 2-5-2023
1. Bearish Engulfing Candle after an uptrend.
2. Price down with Volume rise
3. RSI Reversal
Sell Below 1435 target 1420-1400-1385 SL 1460
It is just a view, please trade at your own risk.
