BULLISH MARUBOZU FORMATION - UNION BANK OF INDIA

Jul 9

• STRONG BULLISH CANDLE HAS BEEN FORMED AT A KEY SUPPORT ZONE AREA.
• The up move may continue with a slight doji-like candle.
  
  
• 134.50-131.50 is a strong support zone (highlighted area); any dip to that area is a buy opportunity ONLY if the market sentiments are positive.
  
  
• You can buy at CMP or wait for it to test the highlighted zone, but as past data shows, the price has never retested when it bounced upwards.
  

LEVELS

-Buy at CMP or at 137.25 Do your analysis too before buying. Any further fall is just a good opportunity to add more quantity.
-We are aiming for targets of 150, 158, and 170; short to semi-long term respectively.
-If it keeps falling after you buy it and you can't bear the loss, consider booking it at 125.

Happy Trading :)

Jul 28

Note

Rejection and declined. Currently in the demand zone again. Small amount of capital can be used. SL-127