Bullish Opportunity in Union Bank the Pullback Trade Setup

Introduction:
Union Bank is showing promising signs of a potential trade opportunity as it hovers near a crucial support level. This analysis outlines a pullback trade setup based on key technical indicators, such as recent price action, volume trends, and resistance levels.

Technical Analysis:
1. Near Support Level: Union Bank is currently trading near a strong support level, indicating a potential bounce from this point.

2. Previous Resistance Zone: The stock recently breached the previous resistance zone at 95.00, suggesting bullish momentum.

3. Increasing Volume: The increase in trading volume confirms growing interest in Union Bank, strengthening the bullish case.

Trade Details:

• Entry Level: Consider entering the trade at 88.00, which is a reasonable point near the support level.
  
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• Stop Loss: Place a stop loss at 80.00 to protect your capital in case the trade goes against you.
  
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• Target Price: Set a target price at 120.00, aiming for a significant upside potential.
  

• Risk to Reward Ratio:
  
• Risk: The risk in this trade is 8.00 points (Entry - Stop Loss).
  
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• Reward: The potential reward is 32.00 points (Target - Entry).
  
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• Risk to Reward Ratio: This trade offers a favorable risk to reward ratio of 1:4, indicating a potentially lucrative opportunity.
  

Footnote:
Risk Warning: Trading involves substantial risk and may not be suitable for all investors. Make sure to do your own research and consider your risk tolerance before entering any trade.

Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Always consult with a qualified financial advisor before making any investment decisions.

Note: The mentioned price levels are approximate, and it's essential to monitor the stock's behavior closely to execute the trade effectively.