Symmetric Triangle Breakout in United Breweries
In a daily Chart, already there was a symmetric triangle breakout. Probable target is given in the chart as per pattern. If it is coming for retest then 1600 should be major support next support will be 1550. These are the good level for entry, keeping stop loss below breakout candle's low that is 1490. Which is good risk reward ratio.
As per the current market situation, is better take trade in Future and option Segment with proper risk reward and hedging.
For cash Market enter with minimum capital based on risk apatite as we can't keep over night stop-loss.
This is just a view not recommendation to trade, do your own analysis before doing any trade.
UBL
As per the current market situation, is better take trade in Future and option Segment with proper risk reward and hedging.
For cash Market enter with minimum capital based on risk apatite as we can't keep over night stop-loss.
This is just a view not recommendation to trade, do your own analysis before doing any trade.
UBL
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