Union Bank is listed as Public Sector Bank & having Market Cap of Rs. 24000 Cr. Union Bank is also engaged in Mutual Fund & Wealth Management business. When you are having 3 reason to Buy a stock what you will do? Obviously you will Buy....We are having 3 reasons for Union bank:
1. Head & Shoulder Pattern: It is making a head & shoulder pattern & now taking reversal from neckline 2. EMA Support: Taking strong support of 200 EMA 3. Risk Reward: CMP is 35.35 & having a good risk reward ratio of 1:4
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