Intraday for Tuesday (05/06/2018)Look for first 15m red candle...enter trade...book profit and exit on reversal.
UNIONBANK trade ideas
Last drop before turn around I am Looking this as last drop , once it brakes the 81 it can move fast towards 78 and then enter a range for a month before showing up any upside move , mean time it can make small range correction of 1 to 1.5 % up and down move
I am looking near 78 as reversal area before deciding to Go for Long , Till then Keep shorting on lower and book profits
UNIONBANK LONGHigh Risk/Reward Ratio on UNION BANK OF INDIA Stock to go long here.
Exposure to Gitanjali Gems NPA has been blown out of proportion in relation to this stock. Time to be greedy when others are fearful. Getting behind this stock at these price levels which havent been since since early 2007 becomes a smart play.
Learning Wyckoff methods-1.9 Sick gains from Sick banksDisclaimer..Not invested, not an investing/trading recommendation
At 10 years lowHow bad it must be its fundamentals. i donot know big playeres buy here or they let it go to still lower levels
UNIONBANK: SELL@108.7 SL 113 TGT 103UNIONBANK has Gaped Down with High volume selling and weak PSU bank Index and BANKNIFTY weak. Sell Union bank at 108.70 with Stop-loss of 113 and Target of 103
Union Bank of India Trading IdeaUnion Bank is at a very strong support zone and might bounce off it. One should wait for a single day candle to close above 126 mark to enter long. RSI shows upward momentum and MACD is about to cross over.
Enter trade - 126-129
1st profit target - 140
2nd profit target - 150
3rd profit target - 180
Stop loss - 104
Please do your own research before entering the trade.
Trading a supply zone tucked above...On Daily chart, 2 Supply Zones (SZ) were formed above one another. Going deeper to see if there is any supply level to go for an intraday short, came across this 15 min SZ.
Caveat: Prices are retracing from a Demand Zone (DZ) on weekly chart. It can act as an obstacle for this trade demo.
Disclaimer: Ideas published here are for information purposes only and do not advocate any buy or sell recommendations
Union bank of India - Trend line break!Price action has broken the down ward trend line. Buy above 145 with the stop loss of 140 for the targets shown in the chart.
UNIONBANK: Harmonic Shows ReversalAll mentioned & plotted on Chart.
My personal View.
As i am not SEBI regd. analyst, take this study as educational purpose.
For taking trade decision Consult with financial Advisor.
Union Bank support @ 142-145union bank found a support @ 142-145 with Macd showing Buy signal and triangle breakout.
UNIONBANK: Better INVESTMENT Than MF & FD........ Plotted & Mentioned ........ CHART.
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Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
All patterns have are not fulfilled 100% criteria.
UNIONBANK - AT CRUCIAL LEVEL.On a successful breakout it can move to 150 -162- 172 levels. But in case of failure it may retest 120.
Long Union Bank CMP: 138
TGT and SL given below
It is observed that Union Bank is moving in an ascending channel. So lower trendline is support and upper is Resistance. So it can breakout either ways. So watchout for the breakout. Tgt after breakout would be the height of channel, in this case is 11 pts. The two red lines are good S & R levels. So buy above the lower red line i.e 141 (on closing basis). Tgt would be upper trendline i.e 159. SL can be the lower trendline or 140 as per our comfort.
Disclaimer: I am a novice at charting and this chart is for educational purpose purely. Views and opinions are most welcome.
union bank is at the area of resistanceif this hurdle is crossed union bank may go towoards 148, Adx is weakening from the selling exhaustion, price action will confirm its move, wait and watch
Education : UnionBank : head & shoulderExplained in Charts
Disclaimer : Not a Recommendation - Education Purpose Only
Regards
Union Bank: Head And Shoulders-How Realistic Can The Targets Be?Do you think the target of 75 would be realistic if it breaks below 140?
Please leave a comment to discuss about this head and shoulders pattern.
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Trade Safe.
Regards
Bravetotrade
Union Bank - Moving in weekly channel- Looking for 170-180-190 Holding 139 below, Union Bank can move to 170-180-190 in next couple of months.Look to buy on retracement close to 140-143 Zone- Should not break 139 on downside.
