United Breweries Ltd (UBL), Intraday Trade Setup (31-03-2021)

UBL added to the previous day's losses and lost some Market cap on 30th March

As per Elliot Wave Analysis : UBL looks week and we are expecting a further downfall in the price.

Short term Elliot wave suggest correction from the peak of 1287 level, which is unfolding as a 5 waves Impulse or else ending diagonal structure.

Confirmation to Sell UBL at 1243 Rs level

Invalidation level at 1252

Intraday Target: 1246, 1242

Trading Psychology: Value is what you trade to get money. The more valuable you are, the more money you can attract - George Soros

Disclaimer - Any of our investment or trades we share on our blog are provided for educational purposes only and do not constitute specific financial, trading or investment advice. The blog is intended to provide educational information only and does not attempt to give you advice that relates to your specific circumstances.

13 views0 comments