-symmetrical triangle breakout above 42.75
-rsi is also in a zone should break for upside
-volume build up in lower TF
-trading near immediate resistance no follow on sell from resistance shows strength
📌SWING TRADE FOR NEXT WEEK🚀
Hello guys,
I am a swing trader by passion i only trade on swing stocks.
📌I post daily SWING CHARTS analysis on my trading view profile..
so let's start
📌TRADE ANALYSIS OF UCO BANK :-
•Breakout of symetrical pattern on DTF with strong candle
•Break counter trend line
•Volume increases last few Days high
•Bullish trend/ make...
📌SWING TRADE FOR NEXT WEEK🚀
Hello guys,
I am a swing trader by passion i only trade on swing stocks.
📌I post daily SWING CHARTS analysis on my trading view profile..
so let's start
📌TRADE ANALYSIS OF UCO BANK :-
•Breakout of VCP PATTERN pattern on DTF with strong candle
•Price take support
•Volume increases last few Days high
•Bullish trend/ make good...
Fib Analysis- every pull back is supported at 50 to 38.2% . Its an indication of strength.
RSI- look at the history it was oscillating between 30-65 which is the bear range of the oscillator. Now the oscillation has changed. It is taking higher support is yet another indication of strength.
Volume- the tower on the 3day chart is an indication of retail...
Volatility Contraction Pattern is popularized by Mark Minervini, who is a two times US Investing Champion. Last year he won the championship with a record-beating 300+% in the year. He primarily uses VCP for his trading setups. It is a twist on the ascending triangle pattern with some variation.
It has the following characteristics:
The Stock must be in stage 2...
TECHNICAL STUDY ON UCOBANK (STUDY PURPOSE ONLY)
on the monthly time zone, the red lines indicates UCOBANK has played multiple time support and resistance in this zone. let's see what happens next.
if it break the zone probably it can reach up to 85 to 86. a short hurdle on 52-53 range.
please correct me if any corrections in analyzing the chart.
thank you in advance
--stock is trading near crucial stage
--bullish flag pattern
--index correctted 15%
--expecting good result in Q2
--study below red trend line is invalid
--long term stock
Disclaimer:
- The view expressed here is my personal view
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest...
Uco bank is following the trend line shown and it will be negative if breaks below red line as it is near trend line and rsi is below 40 so it is good buy
Disclaimer:- I am a learner....Trade caustiouly
Amazing closing and above previous high. PSU banks is the sector that will be leading this bull run in my opinion and this stock just has too good setup to be ignored. expecting 60 until Diwali. lets see Diwali Khushiyobhari hoti hai ya nahi.
uco bank is forming handle of cup and soon it may breakout of triangle pattern shown. My target is 54-60 in a month.....Also RSI is going down and price is going up which is hidden bullish pattern. This is just for educational purpose and not buy or sell recommendation
Disclaimer:- I am also learning
--Formed Lower high
--Swing trading
--Wait for the breakout candle and then take entry
--Upside Traget -Lower highs
--PSU banks looking attractive
Disclaimer:
- The view expressed here is my personal view
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your...
Stock has given strong BO on weekly chart with good volume, above marked level will go to next levels as PSU Banks are in demand, follow chart for proper support and resistance levels.
