UCOBANK Long Opportunity
Such a wonderful chart. I am trying to be too optimistic here. Hell, why not?
Price trading near confluence of trend line resistance. Excellent Risk Reward can be seen on Monthly Chart.
Similar pattern seen in a lot of PSU Banks.
Need to start with small quantities and then Pyramid as and when there is Dip/correction.
Price trading near confluence of trend line resistance. Excellent Risk Reward can be seen on Monthly Chart.
Similar pattern seen in a lot of PSU Banks.
Need to start with small quantities and then Pyramid as and when there is Dip/correction.
Trade active
Price respecting the support around 22-23 levels.Add more only after breakout of the confluence -- around 32-33.
Note
Added 5X more quantity. Trade going as expected.Note
Target 1 reached. Trail from here on.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.