UNION BANK OF INDIA
Education
Updated

This might be the Start of New Impulse Up

135
This scrip has come down far form its all time high and recently the down ward flow is losing the Momentum , i am more likely considering it as Formation of Contracting Triangle or usually its also called as barrier Triangle , this is Just a forecast the price action confirmation can lead to further conclusions ,
One can Look for the formation of these pattern and can identify them to trade in the direction of higher possible trend
Good Luck Keep learning
Note
Momentum has pushed the Scrip on much lower then Pre-defined , One can look for Buying on reversal confirmation on Daily EOD Basis
Trade active
One can look for one more drop before heading for Higher high

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