This scrip was posted yesterday in our platform and today it made high of 10% returns in just one trading session. I hope our followers had benefited from this post. Thanks to all 🙏🙏
Union bank Small Trade. Double button pattern found. Target are 52 and 66 respectively. Once breakout happens at 46.
Target 1: 52
Target 2: 66
Stoploss: 38
Might provide a big move tomorrow session. (consider 20-20 players)
Happy Trading!
Idea is self explanatory... In Monthly chart stock is giving breakout with good amount of volume . you can take position anywhere between 49.20 to 50. I have provided SL along with 2 targets. Keep in mind book partial profit with every target.
Note: I'm new to technical analysis , do your own maths. I'm open to new ideas and flaws in my analysis, so please do...
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
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.
Union bank has come out of the trading zone and looking bullish. The volumes are supporting the breakout.
Consider buying on a pullback or buy and trail continuously. If the trade the trade goes wrong exit cost.
Should easily reach target 1 as mentioned on the chart as other the targets. These targets are set by XABCD bat and crab patterns.
Happy trading...
Union Bank Of India Cmp 45 dated 17.10.2021
1. Rectangle Consolidation BO @ 44
2. Ascending Triangle BO @ 44
3. Volume Rising.
Buy for a tgt of 65-85 SL 32
It is just a view, pls trade at your own risk.
This is my view on UNIONBK;
CMP 44.4 | T1: 60 (~36%) | T2: 70 (~57%) | T3: 86 (~93%)
The rationale for the going long:
- Substantial increase in the volume compared to past 5years.
- Increase in price with volume expansion
- RSI Bullish Divergence
- RSI breakout above RSI 60 level
- Cup & Handle Pattern formation
- Highest revenue and net profits in FY 2021 &...
