UCOBANK trade ideas
Triangle breakout Uco BankThere is very good triangle breakout seen in UCO bank on weekly chart.
Likely targets are 35, 40 and 44
SL 27
UCOBANK: 6 Year Cup Handle BreakoutUCOBANK has rapidly broken out of a huge 6 Year Cup Handle pattern. The massive breakout over the last 2 days has pushed it over 35%! Huge volumes and high RSI. No wait for profit booking and see if it sustains. The whole PSU bank pack is breaking out.
Uco Bank Analysis!Modification in UCO Bank Analysis
FLAG AND POLE PATTERN FORMATION IN UCO BANK
FLAG Breakout in UCO Bank
Uco Bank made Flag and Pole pattern in Weekly Timeframe But price is still trading inside rectangle(Flag). We have to wait till the price to go up and break the upper side of Flag. If it successfully breaks and closes above 28.55. Then there will be a nice Long trade in UCO Bank.
Entry = Above 28.55
Stop Loss= Below 22.30
Target = Short term 37.95 , Long Term 94
Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4)Don't trade with full capital
Fresh Breakout with decent VolumeNSE:UCOBANK has given a fresh breakout and able to sustain its previous swing high of Rs. 37 with good volume. More upside potential may expected from here.
long-term--UCO Bank - A Government of India Owned Public Sector Bank.
--Weekly chart W pattern and cup and handle pattern
--stock is ready for on one Bull run
--Buy @CMP for target 48+
--Add more after breakout
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 trading style, goals and objectives, time horizon & risk tolerance
-- Do your own analysis and consult your financial adviser
UCOBANK - Weekly AnalysisIn the Weekly Chart of UCOBANK ,
we can see that, it has retested the small Triangle breakout and it is now ready for Strong up move.
Expected momentum is shown in chart.
BREAKOUT, UCO BANK, 120% RETURNS!!!BUY - UCO BANK
CMP - Rs. 27
Target - 1: Rs. 38
Target - 2: Rs. 48
Target - 3: Rs. 60
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Timeframe - 6-18 months
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Technicals - Bullish Flag Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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Beautiful Breakout in UCO BANK.Good morning Traders.
Here is the technical analysis of UCO Bank we all should know.
>> Chart is self explanatory but to elaborating more Stock was consolidating in Symmetrical tringle pattern since 9 months. Where it has made a beautiful support and resistance lines in triangular shape and gave a Nit and clean breakout.
>>In the weekly time frame, we can observe that it had previously given a rectangular breakout after 15 months of consolidation and went up by more than 150%. Now, after this previous rectangle breakout, a recent triangle pattern has emerged, appears more of a flagpole pattern in weekly TF. These increase the likelihood of success for this stock.
>> Over the past decade, the stock has undergone a substantial correction of over 90%. However, upon examining its financials, it appears to be more stable and promising, as its non-performing asset (NPA) ratio has consistently decreased.
>>Now, we can consider entering the trade if it continues to sustain above the breakout line. Our target could be a minimum of 20% at the 37 level, while it's important to set a stop-loss at 13% below, around the 26.80 level.
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Please note I am not SEBI registered. Do your own research before investing.
UCO bank multi year breakoutRSI showing strength, chart is showing positive strength.
*For study purpose only.
Triangle Breakout. Ready For Big MoveUCO Bank gives triangle breakout with volumes. also Nifty Psu index is ready for 12 years breakout. UCO Bank gives good return in upcoming days. Current Price = 29.35 1st Target = 31
2nd Target = 35 3rd Target = 38 . Stop Loss= 28. (on closing basis). NSE:UCOBANK
Outperformer NIFTY PSU Bank | UCO BankKey Points
NIFTY50 has performed 18.10% in the last 365 days
NIFTY PSU Bank has outperformed 63.72% in the last 365 days
Out of NIFTY PSU Bank Sector - NSE:UCOBANK has outperformed 153.28% in the last 365 days
Logic
Identity the sector which outperforms the broader indices
Select the best-performing stock under the outperforming sector
In this case, NIFTY PSU BANK outperformed NIFTY50 in the last 365 days
Out of NIFTY PSU BANK, UCO Bank is the best-performing stock
Implementation
Look for good levels for buying entry at UCOBank
Ideal for Wealth Creation purposes
Think for Long Term and add to your Investment Portfolio
Disclaimer
Not for stock tips or recommendations
Do your analysis before investing
UCO Bank - VCPEntry: above 29.8
Target: 38
SL: Below 27.5
Pattern: VCP
EMA's : EMA 21 > EMA 50 > EMA 150 > EMA 200.
Price Up by 170% before forming VCP.
Similar setup as "IRFC"
UCO BANK Weekly Chart suggest BreakoutUCO BANK Weekly Chart suggest Breakout from Long Consolidation & Targets can be 65+ in coming few Months.
LTP - 28.5
Targets - 65+
Timeframe -1-2 Years
UCO BANK bullish run starts. Entry at 28Rs
1st target 45Rs
2nd Target 59Rs
Next average at 24.50
No need any stop loss .
Again huge trendline breakout in all PSU bank . Just hold it till Dec 2023 and You will see one after one all target on the chart.
You can invest blindly in this counter.
It can multiple your investment from here. Anytime you can see 20% upper circuit in this stock
UCOBANK - Long SetupNSE:UCOBANK
Observations:
1. Resumption of Uptrend
2. Breakout of Flag Pattern
3. Providing fresh opportunity to enter
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
UCOBANK STRONG CHART BUY ON ANY DIP with proper risk managementUcobank is looking strong for upside with decent targets. Monthly, weekly and daily price is above 50 EMA.
Weekly price is closed above last 12 weeks high.
1st target-38, 2nd target- 50 and so on.
Monthly macd above zero line
RSI is above 60
Weekly stochastic PCO from oversold zone.
Monthly ADX is strong
UCO BANK--BULLISH~All the information given in the chart is for the educational purpose only.
~Do your own research before investing.
~This is not my recommendation.
~My recommendation--LEARN MORE EARN MORE.
Perfect H&S Breakout UCO BankHuge Volume.
Perfect Head and Shoulder breakout with big volumes.
There is no any recommendation.
only educational purpose
Seems a Louise bit accumulating happens. Don’t know about fundamental issues.
Good point of accumulating
