Union Bank - Breaking out from strong resistanceUnion bank looks good for higher targets considering the technicals and momentum in PSU banks.
UNIONBANK trade ideas
Long cup Breakout This stock is already breakout
PSU sector is outperform
So cup Breakout gives big reward
Short term perspective : bullishImmediate support is at 92 and the resistance is seen at 114.50. Bull run continues after golden cross over.
Union Bank | inverted H&S breakout Weekly TFWith PSU Banks in flavor, breakout in Union Bank. Monthly and Weekly TF breakout of inverted H&S pattern.
UNIONBANKWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
UNION BANK | Cup Formation | Imbalance Filling | Swing TradeUNION BANK | Cup Formation | Imbalance Filling | Swing Trade
Chart Analysis
1) cup formation
2) imbalance filling started
Union Bank of India AnalysisStock has given BO on weekly and monthly chart with good volume spike, trading near long time resistance zone, BO above this good move to next levels, follow chart for proper support and resistance levels.
Union Bank of India- Resistance ₹102.50
In Last week session Union Bank of India shown a major resistance at the price of 102.50 rupees in NSE India. If we see stock price going above ₹102.50, then we may have a good buying.
Union Bank of India- Resistance ₹102.50In Last week session Union Bank of India shown a major resistance at the price of 102.50 rupees in NSE India. If we see stock price going above ₹102.50, then we may have a good buying.
Union Bank of India - Multi Year Trend Line Breakout#Unionbank
CMP ₹.101.90/-
Union Bank of India one of the biggest public sector bank in India woken up from a long sleep. Multiyear break out happened in this stock. 10 year long resistance trend line and 6 year long resistance trend line have been broken. A cup and hand breakout is also visible. Stock crossed 100 levels last day.Now this slow mover will change it's gear. 50% move can be expected in short term.
Disclaimer : Post only for educational prpose. Not a buying / selling recommendation. This is only my personal view. I am not aPlease SEBI registered analyst . Do your own analysis and act accordingly .
Inverted head & Shoulder Reversal Pattern 📌Inverted head & Shoulder Reversal Pattern
✅Keep on Radar
UNIONBANK
+ Weekly Breakout
+ Validated with volume
+ Trading above Key EMAs
Union Bank of India at important resistance areaUnion Bank of India current trading at very important zone 105-90 from 2005 - 2018 its sustain above 105 level & made a high of 426 there are few's days to go ending for Sep 2023 month if its sustain above 105 as on monthly chart its have a huge potential to be double in couple of months its a good investment opportunity keep eye on radar for TGT of 200 with Sl of 59 ...
Union Bank long analysis Loag Looing very good for long term, wait for the weekly closing. Its only my view.
Very Bullish on UNION BANK OF INDIAIt has broken a strong resistance of 99-100 and Head and Shoulders Pattern and now can go up to 120, 130. It is just a prediction, I am not a Financial advisor just a predictor. Enjoy.
UNIONBANK - Testing important resistance zone since 2008 (15yrs)PSU Banks have been unstoppable for the last one month and smaller backs like Central, MahaBank, UCO, PSB have given enormous moves.
UnionBank is on verge of breakout of 100 which has acted as important Support & Resistance since 2008
Although this can have some intraday momentum but a good strong weekly closing above 100 can propel this stock to higher levels.
Intraday - Above 100.5 to 101
Swing - Post weekly closing above 100
Target - 110, 120, 125
SL - 94
Thanks
Piyush Gupta
UnionBANK looking bullish for long termLooking good for long term, if it close above 97 in weekly
T1: 177
T2: 220
Union Bank of India - Will create multiple Cup FormationStrong Numbers in past 4 quarters all targets to meet soon !! Complex Cups getting created
Unionbank-long in weekly charts , the price has formed an inverted H&S pattern
price has crossed all moving averages and is ready for a quick up move to 200
bullish swing.
* Please do your own research and/or contact your financial advisor before taking any trading opportunities
** We will not be responsible for your profit or loss
*** We are NOT SEBI REGISTERED
UNION BANK OF INDIA-SWING TRADESwing Trade-UNION BANK OF INDIA.
Long setup
Targets-114,124,136,160,178,187
Union Bank of India Swing Trade - Technical AnalysisHi Traders...
Please refer to chart of Union Bank of India
Observation:-
-Cut and handle pattern
-Multi Time frame breakout
-Volumes
CMP 97
Upside possible 10%
Disclaimer:- I'm not a SEBI certified analysist. The information given by me, just for educational purpose, I'm not advising to Buy or sell of any stock.
