getsetrade
Long

Union Bank - Trendline Breakout- Good Positional Buy

NSE:UNIONBANK   UNION BK OF INDIA
91 0 4
Union Bank after forming Double Pattern (W Pattern), made a series of higher highs and higher lows in the weekly chart, confirming a change in trend. Price has also broken an important long term trendline with good volumes last week , which would have been a perfect entry around 174 levels.

Union Bank is a buy near 174 with a SL 154. Targets 210, 250.

Not a buy at CMP, as the risk would be too much.
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