UBL trade ideas
UBL - NSE Strong SELL if H&S neckline is breachedUBL has had a very good daily move up for the last several weeks. It has come to a zone where the Bull strength is starting to fade. SELL UBL based on the following.
Head and Shoulder pattern on 4hr with neckline at 1350-1364. If a 4hr candle closes below this level, SELL without any hesitation as price will test 23.6 - 50% retracement to its low of the climb up.
Ichimoku Conversion line crossing under the base line inside the cloud - Neutral signal, but lagging line showing signs of struggle and once it goes below its corresponding candlesticks and starts to race towards the cloud lower boundary, that's the definite SELL confirmation.
TP1 - 1275-1300
TP2 - 1150-1175
TP3 - 1025-1075
If you like this idea, give me a thumbs up. Also have a look at my AI Lite indicator which populates BUY/SELL signals on chart based on a high probability system that I have developed. If you would like to try it, PM me.
Happy trading.
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UBL - Flush Out!After giving false breakouts in the past, it seems the stock has flushed out all the weak hands out of the system and is ready to move into uncharted territory! Let's see how it moves!
United Breweries - WeeklyThe Stock has formed a perfect Cup and Handle and has also given a false breakout previously to trap longs and stop them out. However now the stock seems to be ready to fulfill its real potential and add strength going ahead. Considering its a 3.5 years Pattern, gains may not be swift but will take time on the upside!
KINGFISHERS LOVERS SELL UBL 813 SL 838 TGT 780 BEARISH CANDLE CHART PATTERN FORMED OVERNIGHT DOSE REMEMBER ME ON MONDAY
UBL LONG AT 0.786 LEVELTHIS STOCK TAKEN YOU TURN FROM 0.786 LEVEL AS PER FIBBI SO WE TAKE LONG POSITION HERE.ENTRY STOP LOSS AND TARGET GIVEN ON CHART.
IF YOU AGREE WITH MY VIEW THEN PLEASE HIT LIKE I REALLY APPRECIATE THAT.
TRADE WITH CARE.
REGARDS
KING999
