UNIONBANK trade ideas
Union Bank :: Rounding BottomRounding bottom is formed in union bank shares. Expecting a bull run above if it sustains above 28.
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.
Union Bank 1D chart, bit risky onePlease take entry once u get a proper entry or reversal from the levels, Kindly support my views
Stock trading in supply zoneLooking at the volume, Stock is looking good to break the supply zone this time.
Buying opportunity in Union bankReason-
Price entered in strong buying zone supported by golden crossover
Buy Union Bank for 25% plus upside in Medium TermInvestors with a Short to Medium Term perspective can consider buying Union Bank of India at current levels of 26.80 or on any dips till around 26.00 (Downside looks quite limited from current levels) for potential 25% plus gains from current levels-> Target Price -> Approx 34.00. Will update the precise exit levels once UBI moves beyond 33.00
short union banklooks weak..can try to short below trend line ..possible to meet new low again. only education purpose.
can we expect a breakout?company posted good results. lets see if the long term resistance line breaks!!. we should watch for a breakout with larger volumes.
Short Union Bank at 59.80 SL 61.6 target 56.2Long term resistance ahead High chances of reversal
Short Union Bank at 59.80
SL 61.6
target 56.2
UNION BANK IS A GOOD CANDIDATE FOR GOING LONGBUY UNION BANK ABOVE 60 WITH A STOPLOSS OF 58 FOR A TARGET OF 65
ICHIMOKU ANALYSIS IS STRONGLY BULLISH , STOCK IS AT KIJUN BOUNCE.
GOOD OPPORTUNITY FOR FRESH LONG
THOSE WHO ARE ALREADY BULLISH CAN DO PYRAMIDING HERE.
JOIN MY FREE TELEGRAM CHANNEL SEARCH @TWITTERMEMBERS
Union Bank looks bearish Union bank has to fall in
coming week. There Is BEARISH ENGULFING Shows on Weekly chart.One should SELL it
@62 level to 58, 55, and 50 levels
union bank buyBuy < 57.75 upto 57.3
1 hr close sl 56.95
tg 60.5
its likely to open gap down. So try to buy as near as possible to 57.3
