UB Holding CMP 36.95
-- Fallen from Dec 2007 top of 1378 to the low of
16.60 Dec 14
It went to high of 35.10 in Jul but could not breach Nov 15 top of 35.8, though it breached monthly long term EMA & closed month end above it,1 st time since 2010.
Yesterday it breached 35.1.
On weekly chart MACD taken support on AVG MACD from above & now moving up again.
Bullish implication.
Expect retracement, chance to enter as next target is at 52.2
The market does speak ...... we only have to listen.
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We will not be responsible for losses purportedly arising from the use of our recommendations
Disclaimer: Investors/traders should carry out their own study and research, and exercise caution before acting on these recommendations.
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