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
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
@gaya3, It has strong support at 170 levels. It shall consolidate in coming day within the range of 170 and 180. Regards
Reply
HASNAINK NeeteshJain
@NeeteshJain, will it wise to add more ?
Reply
@HASNAINK, No, not at current levels. You can add once it breaks above 180-185 levels in order to get further confirmation. Regards
Reply
Please let me know how much time does it take to reach the target1?
Reply
NeeteshJain anilmaddukuri
@anilmaddukuri, Time is what we can not predict but I could tell that it shall achieve the Target 1 within this week. In this market, we need to learn to sit tight to maximize our gains. Regards
Reply
anilmaddukuri NeeteshJain
@NeeteshJain, Thanks for the quick reply.
Reply
Neetesh ji,
Your analysis are on the dot, almost always! May God bless you with happiness.
+1 Reply
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