Union Bank - Buying at Support Levels Long

UNION BANK OF INDIABSE

Description

⋅ May 17, 2017 3:35 AM

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

⋅ May 17, 2017 4:06 AM

Comment

⋅ May 17, 2017 4:24 AM

Now, buyers building momentum again. Regards

Comment

⋅ May 17, 2017 4:30 AM

Now, buyers in control again, rally begins. Regards

Trade closed: stop reached

⋅ May 22, 2017 5:52 PM

Comment

⋅ May 23, 2017 3:29 AM

Next strong support at 160 levels. Regards

UNIONBANK Support and Resistance

Comments

csanjib

⋅ May 17, 2017 4:42 AM

Neetesh ji,
Your analysis are on the dot, almost always! May God bless you with happiness.

NeeteshJain

⋅ May 17, 2017 7:47 AM

@csanjib, Thank you, I appreciate your generous feedback. Regards

manii0741

⋅ May 17, 2017 4:30 AM

Thank you sir, just made 1600 profit on this trade.

NeeteshJain

⋅ May 17, 2017 4:31 AM

@manii0741, Good to know, and if you keep holding it then you can do even better. Wish you the best. Regards

manii0741

⋅ May 17, 2017 4:35 AM

@NeeteshJain, yes sir, but i have lost so much trades. now i have fear of reversal. Thank you again.

Siddhanth

⋅ May 17, 2017 4:26 AM

Jumped right in, seems good!

nirav5

⋅ May 17, 2017 3:43 AM

Thanks.

gaya3

⋅ May 22, 2017 8:49 AM

Sir, union bank almost touched the stop loss. Your suggestion pls

NeeteshJain

⋅ May 23, 2017 3:31 AM

@gaya3, The next support at 160 levels. Any rise can help in exiting trade. Regards

gaya3

⋅ May 19, 2017 6:37 AM

Pls update your status. It is going down