UNIONBANK trade ideas
Sell on Rise Feb ContractOne can wait for pull back in 15 Minits , it will pull back near 82.65 , You can wait for 15 minits candle before entering , and you can look to book near the forecast area
lot size 7000 stop 2 points TP 5 Points
UNIONBANK - Short Trade Ideadescribed in chart.
Short below 81.4 with SL 84.65
T1 80.8
T2 79.2
T3 77.35
UNIONBANK: BUY ABOVE 85 SL 81.40 TARGET 90.30UNIONBANK is a BUY ONLY ABOVE 85, with Stoploss at 81.40 and Target of 90.30.
Big Move ahead This one on Monthly time frame I am looking as Completion of impulse Wave 2 , it has retraced more than 88 % but not 100 % of original start of impulse move up now i am looking the close of this monthly candle to take up the trade , if they pull back and close above 80 then i will looking to go long in cash for long term investment and also futures for short term holding
one can wait for weekly bullish close in order to go long , the down side is very limited
Idea# 11 Opportunity in Union BankThere a are some patterns Union bank is creating on daily chart which shows a possible reversal. However, market direction still not positive. One can keep a watch on Union Bank, and make long position with any sign of reversal.
Keep SL at 64
This might be the Start of New Impulse Up This scrip has come down far form its all time high and recently the down ward flow is losing the Momentum , i am more likely considering it as Formation of Contracting Triangle or usually its also called as barrier Triangle , this is Just a forecast the price action confirmation can lead to further conclusions ,
One can Look for the formation of these pattern and can identify them to trade in the direction of higher possible trend
Good Luck Keep learning
Buy Union BankVery strong technical indications of good upmove to 105-110 with 95-97 being first targets
UNION BANK UNION BANK , As per flat correction if it makes regular flat correction possible it go down for 82-81 levels
Break in trade looking for price to bounce back Break in short term trade ,
levels mentioned on the chart
Intraday for Tuesday (05/06/2018)Look for first 15m red candle...enter trade...book profit and exit on reversal.
