NSE:UNIONBANK   UNION BK OF INDIA
61 6 2
The Current Price action indicate the Stock is on pause or in the form of indecision ,
This month Closing price will give direction towards the Next Move
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Comment: This is reference of Monthly Charts
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Trade active: The price action show up thrust , One can look for Long with their own Analysis
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Hi Shiv..any views on canara bank. it is at a high of weekly and month supply. does it call for shorting?
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shiv2798 samayra
@samayra, sure I will inform
Need time I'm out from my laptop
But I informed about it when it was 309 in March that it is braking longer time trend lines
Reply
shiv2798 samayra
@samayra, please don't go short selling
It's bull market , this market has started in 2016 and it will be their for another 10 years
So always look for buying in those stock which are already on pull back
Never sell in this kind of bullish market
Regards
Reply
shiv2798 samayra
@samayra, i have posted my view on Canara bank , for Monthly , I am more bullish and i do not see any weekness in the price action on weekly too , i do not consider the price is going to come down heavily, it will retrace but its having a strong bullish momentum , so its up to you to consider where you want to trade , Buy when drop in price or buy at U turn after a drop or sell on demand and get stopped ?
Regards
Shivakumar
Reply
samayra shiv2798
@shiv2798, thanks shiv for yr time and analysis
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i am also shortlisted to buy to the target of 177. but if it opens high and touches this price soon, i will sell.
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