UBL view

UBL is giving early indication for a PATTERN breakout. For short term STOCK should test zone of (1,560-1,580) on cash. Once level of 1580 breaks STOCK would trigger a SQUARE OF 12 breakout which would signal an upmove till 1728 in coming days. The decline from 1806 culminated exactly at 90° angle at 1353, most likely it have registered a major low in APRIL. Going forward if it sustain above 1580 eventually it should take out 1806 till SEPTEMBER.

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