Union bank has come out of the trading zone and looking bullish. The volumes are supporting the breakout. Consider buying on a pullback or buy and trail continuously. If the trade the trade goes wrong exit cost. Should easily reach target 1 as mentioned on the chart as other the targets. These targets are set by XABCD bat and crab patterns. Happy trading...
The stock has possibly good upside remaining triangle breakout --> with CNXPSU bank breakout
This is my view on UNIONBK; CMP 44.4 | T1: 60 (~36%) | T2: 70 (~57%) | T3: 86 (~93%) The rationale for the going long: - Substantial increase in the volume compared to past 5years. - Increase in price with volume expansion - RSI Bullish Divergence - RSI breakout above RSI 60 level - Cup & Handle Pattern formation - Highest revenue and net profits in FY 2021 &...
Buy if breaks 35.30 level.