abhaychakravarthi

UCOBANK Long Opportunity

Long
NSE:UCOBANK   UCO BANK
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.
Trade active:
Price respecting the support around 22-23 levels.

Add more only after breakout of the confluence -- around 32-33.
Comment:
Added 5X more quantity. Trade going as expected.
Comment:
Target 1 reached. Trail from here on.
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