nalinakshi
Long

union bank around 167 to 169 can be bought

NSE:UNIONBANK   UNION BK OF INDIA
54 3 3
please anlyse and give your vluable feedback
do not place buy order , Please take 2 Mints to check Weekly and Monthly Candle , You will understand the Direction of Price ,
Regards
Reply
nalinakshi shiv2798
@shiv2798, no I wanted all the experts opinion, I am also watching as it has broken down the zone of resistance, zone of support is around 159 to 164. I am studying, i totally agree what you are saying, I wanted someone experts idea to get confirmed to what i feel. I have done all the support and resistance to this stock, I felt when hero was going up i can take trade upwards , but i wanted support, many gave supporting buy, and it worked, It gives an edge if all give their feedback. Ican learn more and become more confident. I am checking weekly and monthly too. thanks for your valuable comment.
Reply
See the down ward move on first two candle it dropped like stone in the well , but later you can see the stock is being sold compressed range , Yes it indicate buy , but needs confirmation with large Volume in case it takes turn around ,
there is one more thing you need to know , why we have to buy or what is strongest suggestive information is indicating for buy ? do you see Exhaustion ? or do you see high volume ? is it the level at which previously heavy buying was done and not tested after if formed ? what it is ??
in my view you should look for 4 Hour candlestick chart and then take a decision , if you are investing for buying then Check Higher time frame weather it suggests the area of demand or support for buying
Regards
Reply
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