“TRADE SETUP – EXIDE INDUSTRIES”

Dear All,

“UBL” has made our new year special. Kindly hold on to the other lot if any1 has bought 2 lots. Today UBL hit 1200 🙂 Cheers 🙂

now next Trade Setup is “EXIDE INDUSTRIES”

Exide Industries has made an Adam & Eve Double Bottom on daily charts.

The chart is attached for your reference !!

DAILY CHART

Adam & Eve pattern is when the 1st bottom is made of “V” Bottom which is called as ADAM and the 2nd bottom is made of “U” Bottom which is called as EVE.

So its a highly bullish stock above 230 for Target 260!

Sid

Learning Here: Adam & Eve Double Bottom

CHART ANALYSIS – ALLAHABAD BANK

Dear All,

As I have already told you that PSU Banks are looking good for short to medium term and given my “BUY” recommendation on “ORIENTAL BANK OF COMMERCE”.

Now another setup has come that is in “ALLAHABAD BANK”.

I have done a chart analysis so one can able to learn.

There is falling wedge pattern + double bottom confirmation+ OI Build up (9%)

Daily Chart of ALBK is attached below for your reference.

Daily Chart

BUY – ALBK above 74 for Target 80-85-90!

Cheers

Sid

NEW YEAR SPECIAL PICK – UNITED BREWERIES LTD (UBL)

Dear All,

Wish you all a very Happy New Year “2018”. May God Bless you all with Lots of love, loads of wealth & good health.

New Year Pick is UBL Ltd.

On Daily timeframe, Price is moving upwards in wave ratio of 3:3:3. Wave 3 has been started and inside of wave 3, the 3rd wave will start if the price moves above 1100.

Daily time frame chart is attached below for your reference.

UBL Daily Chart

On Weekly Time Frame, Price has made a bullish FLAG Pattern which can take price upwards if crosses 1100. Also, important to note that how beautifully price is moving inside a channel.

Weekly time frame chart is attached below for your reference.

UBL Weekly Chart

So, It’s a buy above 1100 for Target 1400-1450, though 1200 will act as a solid resistance.

Cheers

Sid

Learning Here – Wave Ratio and Bull Flag Pattern