NeeteshJain
Long

Union Bank - Buying at Support Levels

BSE:UNIONBANK   UNION BANK OF INDIA
It is been observed on the daily chart that the price action is observing a buying at a support levels of 170, where the buyers come back. Now, it shall further move up to the previous resistance levels.

Target 1: 185

Target 2: 190

Stoploss: 170


Trade active
Comment: Now, buyers building momentum again. Regards
Comment: Now, buyers in control again, rally begins. Regards
Trade closed: stop reached
Comment: Next strong support at 160 levels. Regards

Comments

Neetesh ji,
Your analysis are on the dot, almost always! May God bless you with happiness.
+1 Reply
@csanjib, Thank you, I appreciate your generous feedback. Regards
Reply
Thank you sir, just made 1600 profit on this trade.
+1 Reply
NeeteshJain manii0741
@manii0741, Good to know, and if you keep holding it then you can do even better. Wish you the best. Regards
Reply
manii0741 NeeteshJain
@NeeteshJain, yes sir, but i have lost so much trades. now i have fear of reversal. Thank you again.
Reply
Jumped right in, seems good!
+1 Reply
Thanks.
+1 Reply
Sir, union bank almost touched the stop loss. Your suggestion pls
Reply
@gaya3, The next support at 160 levels. Any rise can help in exiting trade. Regards
Reply
Pls update your status. It is going down
Reply
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