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.
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.
So, It’s a buy above 1100 for Target 1400-1450, though 1200 will act as a solid resistance.
Learning Here – Wave Ratio and Bull Flag Pattern
I'm not a SEBI Registered Investment Advisor. Above Views are only for Educational Purpose. Equity, Commodity & Currency Trading has large potential rewards, but also Large Potential Risk. You must be aware of the risk and willing to accept them in order to invest in the markets. Don't trade with the money you can't afford to lose. This page is neither a solicitation nor an offer to acquire/sell any script. Please consult your financial advisor to take appropriate investments as per your risk profile. The past performance of any investments is not an indication for future returns.