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WaveTalks
Jul 1, 2017 7:36 AM

Union Bank - Moving in weekly channel- Looking for 170-180-190 Long

UNION BK OF INDIANSE

Description

Holding 139 below, Union Bank can move to 170-180-190 in next couple of months.Look to buy on retracement close to 140-143 Zone- Should not break 139 on downside.

Trade active

06:35 Hrs 4th July2017

Last Price@150

Looking for a pullback to join union bank.

Got the 1st green candle which made high of 150.95. If you get a chance to re-enter the union bank buy call- enter in 147-148 zone.

Next, expecting deep crab to give a pullback to 147-148 -if fortunate. Look at your inidividual analysis & trade.

Trade active

10:35 Hrs 4th July2017

Last Price@150

On the way from PRZ station 151-152

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11:11 Hrs 4th July2017

Last Price@148.50

Heading close to 147

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11:56 Hrs 4th July2017

Last Price@147.50- The picture- If holds here above 147 then likely it pushes upside & once it starts moving above 150 mark that will confirm that it wants to move upside.

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10:09 Hrs 6th July2017

Last Price@151.65

Picture at 10:00 Hrs

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14:59 Hrs 6th July2017

Last Price@153.50

Zone of 154-155 looks running resistance so book profits & wait for pullback to join the rally or moving above 155 & holding above 155 - we will look for next set of buying.

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15:15 Hrs 6th July2017

Last Price@152.50

Profit booking seems have come across most of the stocks at the day end.

Trade active

14:25 Hrs 10th July2017

Last Price@156

pullback done - move started for upside.
Comments
xsajay
Great!
AMBRISH
I understand your feelings for this post, it sound to me like:
Buddham Sharanam Gachami, Dhammam Sharanam Gachami, Sangham Sharanam Gachami":
WaveTalks
@AMBRISH, You were correct. Thanks for this wonderful line.
AMBRISH
@AbhishekHSinghCMT, Welcome Chief.
abhinavk31
@AbhishekHSinghCMT, hi Abhishek, please advise the next level of resistance. Thanks
WaveTalks
@abhinavk31, 154-155 - It just made a high - here is the resistance so next buying only above 155 or we will look for pullback.
SatyamMishra
Long @147.8
WaveTalks
@SatyamMishra, No boss. you should wait as it should hold this zone 147-148 then only we will plan next.
prasadk1
@AbhishekHSinghCMT, IF closes today above 148 should long ?
WaveTalks
@PrasadK, I will have to check again- you need to remind me.
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