nalinakshi

union bank facing resistance

BSE:UNIONBANK   UNION BANK OF INDIA
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it is in the zone of multiple area of supply zone . it needs to cross the hurdle of 159 to move higher. it i sevident from the formation of series of pinbars. rsi is finding resistance at the level of 62.2. It is weekly chart
Comment: union bank now 154
Comment: you can hold your shorts till 152.59 and next target
Trade closed: target reached
Comment: if it falls below this price it may go even upto 143
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