bilbo_baggin

UNION BANK SWING IDEA - LONG

Long
bilbo_baggin Updated   
BSE_DLY:UNIONBANK   UNION BANK OF INDIA
union bank is currently trading at 102.

It is currently above its weekly 50 & 200 EMA followed by good volume support.
If stock maintains range of 98-80 a very good upside movement can be expected.
Chart looks good and on BUY ON DIP opportunity.

Immediate support levels 96-85
Targets
t1- 127
t2 - 179
t3 - 224
If stock manages to trade between 130-140 for few weeks.
We can possibly see all time high.

These is my personal view and analysis. Please study accordingly before taking any positions.
Invest wisely.
Comment:
correction "If stock manages to trade between 230-240 for few weeks."
Comment:
T1 DONE
Comment:
new support levels 95-110.
for educational purpose only.
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