Union Bank – HEAD & SHOULDER

Mar 31

📊 Union Bank – Technical Analysis (Daily)
🧠 Pattern Identified
👉 Head & Shoulders (Bearish Reversal)
Left Shoulder: ~178
Head: ~205
Right Shoulder: ~183
Neckline: ~168–170
👉 And now… Neckline Breakdown DONE ✅

📉 Momentum Confirmation
RSI: ~38 → weak
MACD: Negative crossover + histogram expanding
👉 Strong downside momentum

🎯 Best Trade Plan
🔴 Setup 1: Breakdown Continuation
Sell below 164
Targets: 155 / 145 / 135
SL: 178
🔴 Setup 2: Pullback Short (BEST RR)**
If price retests 168–170
Look for rejection
👉 Enter short there
👉 SL: 178
👉 Targets same

⚠️ Important Trap Alert
👉 If price reclaims 170 strongly

• Pattern can fail
  
• Short covering rally possible
  

🧠 VIBHUTI's Insight
This is not just pattern — this is:
👉 Trend reversal + breakdown + momentum alignment
👉 High probability setup (institutional selling zone)

Apr 8

Trade active

SL HIT
Reason : US-ISRAEL-IRAN CeaseFire