TGT and SL given below
It is observed that Union Bank is moving in an . So lower is support and upper is Resistance. So it can breakout either ways. So watchout for the breakout. Tgt after breakout would be the height of channel, in this case is 11 pts . The two red lines are good S & R levels. So buy above the lower red line i.e 141 (on closing basis). Tgt would be upper i.e 159. SL can be the lower or 140 as per our comfort.
Disclaimer: I am a novice at charting and this chart is for educational purpose purely. Views and opinions are most welcome.