5 Steps Analysis of UNION BANK OF INDIA
1. Stock on Daily TF we can see that from Jan.2023 Stock was going downtrend till mid of the march.
2. From 29th March we have seen that Breakout with high volume made and trend was changed.
3.From Starting of the April to till date we can see that stock is making higher high formation.
4.Stock has made CUP Pattern formation from Jan.2023 which is still sustain with strong momentum.
5. If Stock has sustain 75 level and give follow up closing above this level then in coming days we can see upside move at 83 to 86 levels with support of 75.
1. Stock on Daily TF we can see that from Jan.2023 Stock was going downtrend till mid of the march.
2. From 29th March we have seen that Breakout with high volume made and trend was changed.
3.From Starting of the April to till date we can see that stock is making higher high formation.
4.Stock has made CUP Pattern formation from Jan.2023 which is still sustain with strong momentum.
5. If Stock has sustain 75 level and give follow up closing above this level then in coming days we can see upside move at 83 to 86 levels with support of 75.