UBL's breakout could trigger a strong uptrend—short-term and lon
Swing Trade Opportunity in UBL: A Potential Breakout Awaits
United Breweries Limited (UBL) is showing promising signs of a breakout. Currently trading within a channel, its RSI is around 60, signaling strength. If UBL forms a green candle and closes positively on 27th November 2024, it can confirm a bullish trend.
This setup is ideal for a swing trade, with a stop-loss strictly on a daily closing basis below ₹1997. The immediate targets for this move are ₹2050, ₹2100, and ₹2160.
For long-term investors, if UBL breaks ₹2160 and sustains above it for a few weeks, it could trigger a significant rally. Long-term targets include ₹2200, ₹2300, ₹2500, ₹2700, and even ₹3000.
This is a high-potential trade idea, but remember to manage risk effectively. Keep your stop-loss discipline intact and watch for confirmation on the daily charts before entering.
Tags: #SwingTrade #UBLStock #StockMarketTips #BreakoutStocks #LongTermInvestment
United Breweries Limited (UBL) is showing promising signs of a breakout. Currently trading within a channel, its RSI is around 60, signaling strength. If UBL forms a green candle and closes positively on 27th November 2024, it can confirm a bullish trend.
This setup is ideal for a swing trade, with a stop-loss strictly on a daily closing basis below ₹1997. The immediate targets for this move are ₹2050, ₹2100, and ₹2160.
For long-term investors, if UBL breaks ₹2160 and sustains above it for a few weeks, it could trigger a significant rally. Long-term targets include ₹2200, ₹2300, ₹2500, ₹2700, and even ₹3000.
This is a high-potential trade idea, but remember to manage risk effectively. Keep your stop-loss discipline intact and watch for confirmation on the daily charts before entering.
Tags: #SwingTrade #UBLStock #StockMarketTips #BreakoutStocks #LongTermInvestment
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