UNION BANK MOVING IN A PARALLEL CHANNEL
Updated
UNION BANK is making a Rounding Cup formation in the Weekly and Monthly charts with a high of 253.
Its been moving in an ascending Parallel Channel from January 18. There is also a Horizontal Support zone between 137-140 and also the bottom trend line of the Channel is providing a support.
I do expect a reversal from here. Added some quantity yesterday and will look for a Short Term Target of 165 and a Long Term Target of 250.
Its been moving in an ascending Parallel Channel from January 18. There is also a Horizontal Support zone between 137-140 and also the bottom trend line of the Channel is providing a support.
I do expect a reversal from here. Added some quantity yesterday and will look for a Short Term Target of 165 and a Long Term Target of 250.
Note
Still moving in a Parallel Channel. Added some quantity @131Trade active
1st Target reached.
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