Union Bank of India on the edge can go either way

Union Bank of India has been trading in up trend and now it is on the edge and can go either way, it closed forming a shooting star candle stick pattern which is very bearish sign, on the other hand it closed inside the up trend line. traders may go long if market open green with a target of 172.00 in near term or if market open gap down then it will enter into down trend will head downward to its support 122-115 near term. it is suggested to wait till breaking the 142.50 level then go short.


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