United Breweries Ltd. - Symmetrical Triangle Formation!
United Breweries Ltd.
The stock is trending in a symmetrical triangle pattern.
RSI is showing weakness.
***TRADINGEDGE TIME-TREND INDICATOR IS BULLISH***
***TE BANDS ARE IN GREEN ZONE***
If the prices give a breakout and trend above 1026, we might see a swift upward move to 1056 and 1085.
On the downside, if the stock breakdown below 965, the next supports are 949 & 925.
KEEP AN EYE!!
#tradingedge_academy #SMTA_institute
***this is my personal view. Please take advice from your financial advisor before investing.
The stock is trending in a symmetrical triangle pattern.
RSI is showing weakness.
***TRADINGEDGE TIME-TREND INDICATOR IS BULLISH***
***TE BANDS ARE IN GREEN ZONE***
If the prices give a breakout and trend above 1026, we might see a swift upward move to 1056 and 1085.
On the downside, if the stock breakdown below 965, the next supports are 949 & 925.
KEEP AN EYE!!
#tradingedge_academy #SMTA_institute
***this is my personal view. Please take advice from your financial advisor before investing.
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Garey
Whatsapp - +91 9999 504 500
Garey
Whatsapp - +91 9999 504 500
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