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In UCO bank monthly chart
### momentum upside ### price is above all moving average ### bullish candlestick ### good volume ### HH & HL formation
Weekly chart
### same as above ### rsi in overbought zone
Daily chart
### same as monthly chart ### momentum shoeing strength ### trendline break & retest ### bullish...
Main points mentioned on the chart.
For learning purpose.
A close and sustaining above 43 can
bring a move up to 49 first.
SL at support level.
Investment only.
Attempting retest after breakout.
Formed a W pattern post retest.
RSI >60 on daily timeframe
Note: This is just for analysis purpose, please do your own research before punching any orders.
📊 DETAILS
Sector: Bank - Public
Mkt Cap: 48,062 cr
UCO Bank is engaged in providing wide range of banking and financial services including Retail Banking, Corporate Banking and Treasury Operations.
TTM PE : 26.10 (High PE)
Sector PE : 12.22
Beta : 1.36
📚 INSIGHTS
Strong Performer
Stock with consistent financial performance, quality...
RSI of the stock is above 60 in Daily, Weekly and Mothly chart. In the recent past, volumes in this share has increased. All support and resistance has been shown on the chart and the same is being published only for knowledge purpose.
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get...
UCOBANK-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...
Such a wonderful chart. I am trying to be too optimistic here. Hell, why not?
Price trading near confluence of trend line resistance. Excellent Risk Reward can be seen on Monthly Chart.
Similar pattern seen in a lot of PSU Banks.
Need to start with small quantities and then Pyramid as and when there is Dip/correction.
Its moving on trend channel and also form cub breakout twice short term. More important long term resistance line breakout so next target short term 60 & 76next resistance
NSE: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...
