Stock of the day : UBL Ltd For Target Rs. 75 - Religare Broking
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UBL LTD.
* UBL has been in an uptrend from last more than 5 months forming progressive higher highs and lows.
* It has rebounded higher taking support at its short term moving average i.e. 20 DEMA.
* Following price action and volumes activity, prices look set to reclaim its previous swing high.
* We thus recommend creating longs through the Call option.
BUY 1800 CE UBL LTD CMP 48.00; Range 47-49; SL 34; Target 75
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