UCO BANKLong
A complete turn around
Fib Analysis- every pull back is supported at 50 to 38.2% . Its an indication of strength.
RSI- look at the history it was oscillating between 30-65 which is the bear range of the oscillator. Now the oscillation has changed. It is taking higher support is yet another indication of strength.
Volume- the tower on the 3day chart is an indication of retail entering in large numbers. The stock generally gives a significant whenever retail enters in large number. Now the volume has come down significantly and
hence the stage is set.
RSI- look at the history it was oscillating between 30-65 which is the bear range of the oscillator. Now the oscillation has changed. It is taking higher support is yet another indication of strength.
Volume- the tower on the 3day chart is an indication of retail entering in large numbers. The stock generally gives a significant whenever retail enters in large number. Now the volume has come down significantly and
hence the stage is set.
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