UNIVCABLES trade ideas
UNIVCABLES - BuyStock gave a good breakout with high volume, wait for the PB and enter between 165-170 levels. Sl- 125
UNIVCABLES - Multiyear BreakoutUNIVCABLES (Weekly) - CMP 191.5 looks good for upside
1. Multiyear Breakout
2. Strong volume buildup
UNIVCABLES UNIVCABLES (Weekly):- CMP 191.5 looks good for upside :)
1) Multiyear Breakout :)
2) Strong volume Buildup
Universal Cables Stock has given a breakout with decent volumes .. can do 190-225 or even higher .. stoploss 147
Inverted Head & Shoulder Chart Pattern Breakout* Two chart pattern completing at the same time ( Inverted Head & Shoulder and Symmetrical Triangle ) High conviction set up .If it made above 200-day moving average gives more confident .
* In daily time frame high volume buying initiated today that gives gives a bullishness sign .
** Before the breakout this stock made a symmetrical triangle pattern and breakout with Significant volume .
Kindly Let us Know if you have any questions.
UNIVCABLESNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
UNIVERSAL CABLE TARGET UPDATE 14-12-2020One can look fresh in range 135-145 for upside levels 180-200 with SL 118..!!!
Buy Universal cable positional* Universal cable weekly chart trading above its important resistance level if it sustain.We can see up move towards 154.00/180.00 level with the help of 105.00 support level .
* If price pullback some point so add some more quantity up to 113.00 .
