UCO BANK LONG IDEAUCO bank chart looks good, It has formed a traingle pattern and trying to brekout along with other PSU banks.
It may touch 85.
Plan Accordingly with Trendline as Stoploss.
UCO
UCO- heading towards 100NSE:UCOBANK
cmp 43.75
heading towards 100
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
UCOBANK: 6 Year Cup Handle BreakoutUCOBANK has rapidly broken out of a huge 6 Year Cup Handle pattern. The massive breakout over the last 2 days has pushed it over 35%! Huge volumes and high RSI. No wait for profit booking and see if it sustains. The whole PSU bank pack is breaking out.
Uco Bank Analysis!Modification in UCO Bank Analysis
FLAG AND POLE PATTERN FORMATION IN UCO BANK
FLAG Breakout in UCO Bank
Uco Bank made Flag and Pole pattern in Weekly Timeframe But price is still trading inside rectangle(Flag). We have to wait till the price to go up and break the upper side of Flag. If it successfully breaks and closes above 28.55. Then there will be a nice Long trade in UCO Bank.
Entry = Above 28.55
Stop Loss= Below 22.30
Target = Short term 37.95 , Long Term 94
Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4)Don't trade with full capital
uco bank bullish butterfly (titli) long for investment purpose target is 17.60, stop loss 12.65
trade at your own risk
UCOBANK bullish setup - 44 coming soon (study purpose)UCOBANK bullish setup - 44 coming soon (study purpose)
Trilple bottom with Class B bullish divergence
