UBL which i had recommended earlier on FB around 850 had touched 1041 on Friday. I
promised to post the chart but could not get the time for that. But better late than never.
UBL on monthly charts strong bar reversal from almost a 8-9 months consolidation. Now 61.8 % retracment of the correction form 1226 to 690 is around 1021 if we get monthly close above 1021 then the target will be very high around 1330-1430 and even higher then that.
If you can see the stock was forming a major head and shoulder and that failed down so this is a very bullish sign. I am holding this stock from 800 levels only for long term.
Disclosure: I am not a SEBI certified analyst further i hold the stock in my portfolio.
promised to post the chart but could not get the time for that. But better late than never.
UBL on monthly charts strong bar reversal from almost a 8-9 months consolidation. Now 61.8 % retracment of the correction form 1226 to 690 is around 1021 if we get monthly close above 1021 then the target will be very high around 1330-1430 and even higher then that.
If you can see the stock was forming a major head and shoulder and that failed down so this is a very bullish sign. I am holding this stock from 800 levels only for long term.
Disclosure: I am not a SEBI certified analyst further i hold the stock in my portfolio.
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