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By EquityPandit

MARKET OUTLOOKSTOCK OUTLOOKUBL

UBL Outlook for the Week (August 21, 2023 – August 25, 2023)

UBL
UBL
UBL closed the previous week on a negative note losing 4.85%.

Technically, UBL share price will see immediate support at 1,487.42 and immediate resistance would be seen at 1,563.97.

If UBL share price closes below immediate support of 1,487.42, then sharp breakdown can be seen. UBL share price will see major support at 1,455.53 for the week.

1620.001620.001600.001600.001580.001580.001560.001560.001540.001540.001520.001520.001500.001500.001480.001480.001460.001460.00Jul 7Jul 7Jul 12Jul 12Jul 17Jul 17Jul 20Jul 20Jul 25Jul 25Jul 28Jul 28Aug 2Aug 2Aug 7Aug 7Aug 10Aug 10Aug 16Aug 16Reversal Level 1555.28BuyBuySellSellSell

On the positive side, immediate resistance will be seen at 1,563.97. Closing above 1,563.97, UBL share price will see a sharp breakout. Major resistance for UBL share price will be seen at 1,608.63 for the week.

Trading range for UBL share price for this week should be between 1,410.87 on down side and 1,640.52 on up side.

UBL Previous Week High: 1576.75

UBL Previous Week Low: 1500.2

UBL Previous Week Range: 76.55 Points

UBL share price support and resistance for the week (August 21, 2023 – August 25, 2023)

Level Type Value
Resistance 3 1,640.52
Resistance 2 1,608.63
Resistance 1 1,563.97
Support 1 1,487.42
Support 2 1,455.53
Support 3 1,410.87

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