Stock Analysis: UCO bank has formed the triangle pattern, once it closed above the supply zone, expected target marked on the chart. Happy Investing!
Government infused some funds and Bounced from good support. Gann Static Levels are provided trade invest accordingly.
UCO Bank has issued and allotted 9.71% unsecured rated listed redeemable non-convertible fully paid up Basel III Compliant Tier II Bonds (Face Value Rs.10 lakh) aggregating to Rs. 500 Crore.
Can be bought above 21 for Target of 29.50 with SL 17.5
This could result in a resumption of the uptrend. A closing above the UTL could confirm this. A break below would negate the setup.