NSE UBL Trade Setup
First, I recommend reading the previous call of UBL.
Link – NSE UBL Is Declining, But Major Support Is Ahead
At that time, it has touched all targets. And today’s same pattern is unfolding in UBL stock. Look at the below chart:
UBL has broken down the uptrend channel and has started forming a minor descending channel.
Currently, the price is on the upper band of the minor channel.
If the price sustains below 1452, it can go for below.
Please note that the breakout of the minor channel indicates a new high.
NSE JSW Energy Tips
Did you read JSW energy’s research report?
24/03/2022 [4 Days Ago] NSE Calls – JSW Energy, Pokrana, Dhani
Price had completed the corrective wave ((B)) and started moving down.
Breakout of the descending channel indicates that bulls are losing control and supply is increasing.
I had mentioned in clear words, “Traders can short for the following targets: 289- 278 – 262 below.”
[11:15 AM] – Price hit the first target of 289.
Will the price reach the final target of 262?
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