Modification in UCO Bank Analysis
FLAG AND POLE PATTERN FORMATION IN UCO BANK
FLAG Breakout in UCO Bank
Uco Bank made Flag and Pole pattern in Weekly Timeframe But price is still trading inside rectangle(Flag). We have to wait till the price to go up and break the upper side of Flag. If it successfully breaks and closes above 28.55. Then there will be a nice Long trade in UCO Bank.
Entry = Above 28.55
Stop Loss= Below 22.30
Target = Short term 37.95 , Long Term 94
Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4)Don't trade with full capital
FLAG AND POLE PATTERN FORMATION IN UCO BANK
FLAG Breakout in UCO Bank
Uco Bank made Flag and Pole pattern in Weekly Timeframe But price is still trading inside rectangle(Flag). We have to wait till the price to go up and break the upper side of Flag. If it successfully breaks and closes above 28.55. Then there will be a nice Long trade in UCO Bank.
Entry = Above 28.55
Stop Loss= Below 22.30
Target = Short term 37.95 , Long Term 94
Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4)Don't trade with full capital
Trade active:
Started gaining momentum!
Trade active:
Note: Stop loss moved from 22.30 to 28.60 which is at the buying price.
If stoploss triggers we will not lose our capital.
If stoploss triggers we will not lose our capital.
Trade active:
Gaining Momentum!
Trade active:
Projected Target as per recent resistance has been reached!
Now we are going towards the Target as per Flag and Pole Pattern!
Now we are going towards the Target as per Flag and Pole Pattern!
Trade active:
Shifting of SL from 22.30 to 35 so if SL hits will end up with some profit.
and now our Risk to Reward trade became NO RISK TRADE!
and now our Risk to Reward trade became NO RISK TRADE!
Avinash K.
