Union Bank: Head And Shoulders-How Realistic Can The Targets Be?

UNION BK OF INDIANSE

Description

⋅ Aug 3, 2017 9:09 AM

Do you think the target of 75 would be realistic if it breaks below 140?
Please leave a comment to discuss about this head and shoulders pattern.

Hit like is this information is useful.

Trade Safe.

Regards
Bravetotrade

Comment

⋅ Aug 3, 2017 9:12 AM

Is it really a H&S?
What Could be your possible targets below 140?
How will you initiate the short below 140?
Plz. discuss.

Comment

⋅ Aug 16, 2017 10:13 AM

As H&S pattern is active now. Will it touch 75, what do you say?

Comment

⋅ Sep 24, 2017 10:10 AM

Chart Patterns UNIONBANK

Comments

arkims343

⋅ Sep 24, 2017 10:53 AM

Since @Banknifty is also in downtrend now, I think it should start to play out well going forward.

Bravetotrade

⋅ Sep 24, 2017 11:11 AM

@arkims343, u r right.

sausawan

⋅ Aug 3, 2017 10:50 AM

140 level is roughly 78.6% retracement level i.e. Strong support. What is the possibility of it bouncing back?

Bravetotrade

⋅ Aug 3, 2017 11:00 AM

@sausawan, The stock is weak compared to markets , so there are chances that it may break 140 if markets show further weakness.

Bounce back is possible but i m doubtful if it would sustain or not.

sausawan

⋅ Aug 3, 2017 11:02 AM

@Bravetotrade, Thanks for your insight !!

Bravetotrade

⋅ Aug 3, 2017 11:12 AM

@sausawan, welcome.

Bravetotrade

⋅ Aug 3, 2017 11:03 AM

@sausawan, one more possibility could be that it ends in an ABCD type correction. In that case below 140 , the 100 level is possible.