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UNITY FOODS LTDUNITY FOODS LTDUNITY FOODS LTD

UNITY FOODS LTD

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UNITY trade ideas

UNITY is BullishThe macro trend of price action is bullish fueled by a humongous insider transaction. Bears assumed control of the price action for few months which resulted in a good retracement. However, now the descending trendline is broken and a double bottom reversal pattern has also formed that led to the break of previous lower high, indicating that bulls have assumed control of the price action now. First higher high is printed successfully and with bulls in the driving seat further highs are expected as per Dow theory. Moreover, the macro projections of AB = CD pattern also have targets of 40+.
PSX:UNITYLong
by Fahad-Rafique
UNITY The Bulls have established Unity of Purpose among themselvUNITY is a premier food company. It hit the lowest low in May 2023. From their it had a sharp rise followed by a consolidation period. Dotted trend line shows the trend it has been following from August 2023. with the start of this week the security displayed a sharp rise in price this rise has strongly supported by the hefty volumes which shows the commitment of bulls. Yesterday the price crossed over the trend line but couldn't sustain whereas this landmark has been achieved today. On Friday we expect the next blue line, denoting the mid-October high shall be crossed. The crossing of this 1 month price barrier shall depict the strength of bullish momentum. From here onwards is target shall be 29.60, the three & half month price high. After this hurdle the ride to our Target Price shall be smooth. SL & TP has been marked on the chart for convenience. Have a profitable trading.
PSX:UNITYLong
by usufgul
UNITY:PSX forming a Symmetrical TriangleUNITY:PSX is presently observed to be in uptrend, printing HHs and HLs on 1D timeframe. However, it is observed to have formed a Bearish divergence on RSI alongwith forming a Symmetrical Triangle. Generally, Symmetrical Triangle is considered a continuition pattern and indicates continuation of the prevailing trend however, when read in conjunction with a Bearish divergence, we can be safely bet a break to the downside triggering a short entry. Notwithstanding above, both Short and Long Entries have been marked on chart along with SLs and TPs.
PSX:UNITY
by UsmanFarouk