UBL trade ideas
Value Investing 4: United Breweries Ltd (UBL)Get value stocks of all sectors - Contact 07066035072 (Whatsapp only)
Sector: Alcohol
% Debt of Market capital: <1% (Negligible debt)
PEG: 2.98 (Fast growth)
Beta: 1.1 (Less Volatile)
Fair value: 1074.72 (Compare with current price)
Key buying/support level: 851-685-611
Fundamentals: www.fundata.in
UBL - NSE Strong SELL if H&S neckline is breachedUBL has had a very good daily move up for the last several weeks. It has come to a zone where the Bull strength is starting to fade. SELL UBL based on the following.
Head and Shoulder pattern on 4hr with neckline at 1350-1364. If a 4hr candle closes below this level, SELL without any hesitation as price will test 23.6 - 50% retracement to its low of the climb up.
Ichimoku Conversion line crossing under the base line inside the cloud - Neutral signal, but lagging line showing signs of struggle and once it goes below its corresponding candlesticks and starts to race towards the cloud lower boundary, that's the definite SELL confirmation.
TP1 - 1275-1300
TP2 - 1150-1175
TP3 - 1025-1075
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United Breweries - WeeklyThe Stock has formed a perfect Cup and Handle and has also given a false breakout previously to trap longs and stop them out. However now the stock seems to be ready to fulfill its real potential and add strength going ahead. Considering its a 3.5 years Pattern, gains may not be swift but will take time on the upside!