Union Bank of India - Multi Year Trend Line Breakout

CMP ₹.101.90/-
Union Bank of India one of the biggest public sector bank in India woken up from a long sleep. Multiyear break out happened in this stock. 10 year long resistance trend line and 6 year long resistance trend line have been broken. A cup and hand breakout is also visible. Stock crossed 100 levels last day.Now this slow mover will change it's gear. 50% move can be expected in short term.

Disclaimer : Post only for educational prpose. Not a buying / selling recommendation. This is only my personal view. I am not aPlease SEBI registered analyst . Do your own analysis and act accordingly .


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