Stock continues to show good upward momentum although in the last 100+ days has remained in a bigger range.
The stock got picked in terms of bullish momentum for 2 days in last week and this indicated there is an upward move pending .
In terms of explanation of chart the same is self-explanatory!
After a long consolidation UBL has a breakout yesterday and is rising with good momentum. Its a momentum buy for next few days. Today advantage of the momentum, buy UBL on shorter time frame with tighter stop loss to ride the swing and keep adjusting SL with every higher move.
Disclaimer :
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