Union Bank of India has some strong technical indications.
There are just too many factors indicating the uptrend.
The 25.60 is a vital fractal by williams and the level and is being taken out.
The Senkou Span B will observe a steep fall as the values starting 4th Sept (being the 52nd day in the past) will be wiped out.
Senkou Span A being the average of Tenkan sen and Kijun sen will rise resulting into a Kumo Twist.
Tenken Kijun cross is a bearish sign and has been retested on 13th Nov with a bounce off the Kijun sen at 24.50.
Chikou Span breakout from price is evident on 14th October and is free from resistances.
Bullish RSI divergence from 25th Sep to 16th October.
MACD and Stochastics are just on my setup for it to look more professional; they are playing along though.
The 25.60 is a vital fractal by williams and the level and is being taken out.
The Senkou Span B will observe a steep fall as the values starting 4th Sept (being the 52nd day in the past) will be wiped out.
Senkou Span A being the average of Tenkan sen and Kijun sen will rise resulting into a Kumo Twist.
Tenken Kijun cross is a bearish sign and has been retested on 13th Nov with a bounce off the Kijun sen at 24.50.
Chikou Span breakout from price is evident on 14th October and is free from resistances.
Bullish RSI divergence from 25th Sep to 16th October.
MACD and Stochastics are just on my setup for it to look more professional; they are playing along though.
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