I-Fund-Trader

Big Move ahead

Long
I-Fund-Trader Updated   
NSE:UNIONBANK   UNION BK OF INDIA
This one on Monthly time frame I am looking as Completion of impulse Wave 2 , it has retraced more than 88 % but not 100 % of original start of impulse move up now i am looking the close of this monthly candle to take up the trade , if they pull back and close above 80 then i will looking to go long in cash for long term investment and also futures for short term holding
one can wait for weekly bullish close in order to go long , the down side is very limited
Comment:
People will not believe in strong Methods of Proven system rather they try with various methods only to end up losing trades , it has taken years to get to understand the markets for many , The most strongest & Firm analysis is based on Monthly time frame which gives us an confirmed opportunity to enter on retest or pull back , I dont know how many times i have written this statement , be in the direction of larger trend ,
Regarding this scrip it has made an indication that its ready to move up after deep drown trend , one can look for investments only add on pull back and be with it i, its high likely will move above 200+ in feature
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