UBL Weekly Outlook and Analysis:

For the Week: (July 31, 2023 – August 04, 2023)

UBL closed the previous week on a negative note losing 6.61%

Technically, UBL share price will see immediate support at 1,502.28 and immediate resistance would be seen at 1,606.38

If UBL share price closes below immediate support of 1,502.28, then sharp breakdown can be seen. UBL share price will see major support at 1,434.17 for the week.

On the positive side, immediate resistance will be seen at 1,606.38. Closing above 1,606.38, UBL share price will see a sharp breakout. Major resistance for UBL share price will be seen at 1,642.37 for the week.

Trading range for UBL share price for this week should be between 1,398.18 on down side and 1,710.48 on up side.

UBL Previous Week High: 1574.25

UBL Previous Week Low: 1470.15

UBL Previous Week Range: 104.1 Points

UBL share price support and resistance for the week (July 31, 2023 – August 04, 2023)