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.
Ucobanklevels
UCOBANKUCOBANK-EQ
-Breakout Candidate
-Round Bottom Structure Breakout on Weekly Time Frame
-Ascending Triangle Breakout on Daily Time Frame
-Strong Range Accumulation
-Strong Volume Buildup
-Performing Good but had Bad Reputation
-Just for Trading & Swing not for Investment
Entry 🟢: Above 52
Target 🎯: 63, 70, 77, 90, 92 ++
Stop loss 🔴: 41 WCB
Remark: Short Term
⚠️ Disclaimer : Chart & Levels are for educational purposes. Trade according to your Risk or consult with your Finance Advisor.
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
#UCOBANK Analysis This banking stock will also outperform with it's result which is clearly seen on chart also, follow chart for proper entry and exit.
