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.
UNIONBANK trade ideas
Union Bank- Target Kissed 147 from 151-152 Deep Crab Intraday target achieved from 151-152 to 147.05 with lovely crab in the long term update.
Previous update - Weekly channel.
Long trend line on Union BankLong trend line on Union Bank at 1hr time frame. There is a range in between the buy level and target 1 - 153.15 and the price may hold on the level 153.15 for some times. Once the range also get broken then it will touch the target 2 - 155.35
Trade:
Buy above - 150.50
Target 1 - 153.15
Target 2 - 155.35
Stop Loss - 148.50
Union bank - Three white soldiers or engulf needed :)Scrip can reach the resistance level if recurring white soldier or green candlestick engulf is seen again!
Keeping stoploss at support level as mentioned in chart
%william showing oversold and if the scrip retraces like seen earlier, Similar price range reach could be seen..
TP = 175, 185 till final resistance if the bullish support continues
Call = 40-60 days
Do treat this as advice or opinion :)
UNION BANK SYMMETRICAL TRIANGLE IN HIGHER TIME FRAMES!MARKET ANALYSIS: The pair is now trading inside a symmetrical triangle pattern. We can go for a short and if the trend line is broken, it will be followed to the next demand zone near the 100 level. So lets wait and see what the market does in the coming days. Cheers!
UNION BANK : READY FOR A BREAKDOWN..Union Bank has formed a Descending Triangle.
A break below 148 levels can take the stock to 140/135/121 levels.
Out of the Total 2,17,84,000 open positions, the stock had short built-up of 1,81,92,000 from 22nd-29th May.
More 10,96,000 Shorts were added today.
Looks like the Govt's move to resolve the NPA issue will take quite a long time (upto 6 months or more), until then stocks may well return to lower trading ranges.
Short Below 148 for targets of 140/135.
Stop Loss to be placed at 155.
UNION BANKstock is in down trend
taking support around 150/157 areas
one can look out for bounce from current levels with strict sl placed at 152
for target towards 162/165/168
Union Bank - Buying at Support Levels It is been observed on the daily chart that the price action is observing a buying at a support levels of 170, where the buyers come back. Now, it shall further move up to the previous resistance levels.
Target 1: 185
Target 2: 190
Stoploss: 170
UNION BANK - Pitchfork support levels. Its been observed that Union bank is at very crucial level of 171. Its nicely followed pitchfork structure in past. This will go down if it breaks (close below) 171 level on any hourly candle. If trade gets active, following levels can be seen. Please note, we can't ignore the upside move also from here. Trade on your judgement. Cheers !
TP-165
SL-174
Union bank - Nearing Resistance!Price action took support at 0.382 fib level today and gave good movement . I expect resistance around the level 183 - 185 which is 0.618 fib level. Buy above 185 when the price action breaks the reistance,with the stoploss of 183. Targets are 188, 190 and 192.
UNION BANKstock is in uptrend
corrected in the past few days
and today showing signs of resuming it's trend
one can look in to the stock around 181.5/182
for targets towards 187/191/192
with sl placed around 173
Union Bank Long or short ??The stock is heading towards 253 ! ' wow ' feels like to jump on it but it needs confirmation
What i am talking ?
The stock have retraced above 61.80% Feb level , from its original fall from 259 couple of year ago , Now CMP is 189 and if the price holds 185 then rebound i am looking to enter to make some earnings , in my opinion all the banking stocks in weekly chart have shoot up to 61.80% and if they hold key level of Feb then they will all make new highs or will brake the previous all records
Lets see what happens on Monday Opening
Regards
Union bank - Moving up!Buy above 191 with the stoploss of 189. Targets are 194, 196 and 199. Analysis is based on Dow tenet "Lines indicate movement".
Union Bank - Trendline Breakout- Good Positional BuyUnion Bank after forming Double Pattern (W Pattern), made a series of higher highs and higher lows in the weekly chart, confirming a change in trend. Price has also broken an important long term trendline with good volumes last week , which would have been a perfect entry around 174 levels.
Union Bank is a buy near 174 with a SL 154. Targets 210, 250.
Not a buy at CMP, as the risk would be too much.
Union bank : Weekly break outGood break out on weekly chart backed by good volume . In short term stock can move toward 188 level . In medium to long term stock has potential to scale up to 222-253 , bearish view below 150.
Union Bank Long for Day Trade The price broke its long term area of supply/ Resistance and closed at high of the Supply Zone
the Price also moved in overextended way to up trend , it will undergo for profit booking at this level and one can Look for Jump in on small pull back Near or at 168 with stop of 165 for Target of 175
I am looking to enter on pull back , but with 100 % Strict Stop Placing
How do i take such trade ?
01) I Place stop loss as my 1st order
02) I place buy order as my 2nd order
03) I keep trial My Stop after every rise in 2 Point
04) I Place my take profit in 2 Different stages 1- Price rise from buy level to 0.6 % Sell off my 50 % of stock , 2- Keep trial the stop loss until 2.45 PM or 3 PM then i book on CMP and get out form day trading
05) I will never trade without stop for such extended Price action in day trading
Regards
Union Bank looks strongUnion bank has broken out the resistance zone as well as formed ascending triangle and looking very strong at this moment. It can provide very good return so it should be a good buy with stop loss @155 and for target 168
Union Bank The Current Price action indicate the Stock is on pause or in the form of indecision ,
This month Closing price will give direction towards the Next Move
Regards
