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UNIONBANK: Monthly Breakout with volume

Long
NSE:UNIONBANK   UNION BK OF INDIA
Idea is self explanatory... In Monthly chart stock is giving breakout with good amount of volume . you can take position anywhere between 49.20 to 50. I have provided SL along with 2 targets. Keep in mind book partial profit with every target.

Note: I'm new to technical analysis , do your own maths. I'm open to new ideas and flaws in my analysis, so please do comment and collaborate.

Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial adviser before taking any trade.
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