The PSU public sector bank index the major stock union Bank of India the long times downtrend convert to obtained the breakout in long time downturn line so convert the stocks upside momentum look the scene for trading volume the trading volume are massive growth in a few months these types of growth clearly show the stocks are create a bottom and generate a...
Uco bank is breaking multi-year trendline and also formed inverse head and shoulder pattern on monthly chart. September month candle has given a breakout with strong volume..can expected a good move from here
CMP-106
1.50 moving average upside & Retest
2. Golden closeover on Weekly time frame
3. Cup & handle pattern
4. Huge Volume increase
5. RSI 60+
These are swing idea's which you can add your watchlist and analysis for yourself.
Keep on radar.
Potential upside stock!
This content for only education purpose!
I am not SEBI Register.
Union Bank of India (Swing):
Stakes are high for a 75-100% up move via swing.
Keep adding in chunks at the current level and if possible on any dips.
Appropriate resistances are highlighted.
Time to attain the target can be over 6 months.
Note: Do your own due diligence before taking any action.
I would be posting updates for this chart in the comments...
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 4% profit (In my observation, I found that most of the stocks reached 3% to 4% on weekly basis)
Please consider these ideas for educational purposes.
Consider the above lines as upcoming resistances, if drawn any.
The Indian Renewable Energy Development Agency (IREDA) has entered into a memorandum of understanding with the Union Bank of India .
Under the pact, IREDA and the respective banks will focus on co-lending and loan syndication for renewable energy projects including both established and emerging renewable energy technologies.
We can see that from Last week Bank Nifty was down by 3.5% . All Private Banks were making lower lows on Daily charts But all PSU Banks Making Higher High on Daily, weekly as well as on Monthly basis. Last week we seen that PNB & Uco Bank Played well, given upside move by 4.52% where Uco Bank has given 6.56% Upside Move and Showing strength yet. All PSU Banks...
NSE:UNIONBANK BSE:UNIONBANK
Time Frame – Monthly
Observations : -
* Inverse Head & Shoulder pattern breakout with high volume seen on weekly chart
* Price trading above weekly & daily 200 SMA
* Price may try to touch the monthly 200 SMA and face some resistance near this level
* Long term trend is changing.
* Now monthly and quarterly closed above 110 ...
UNION BANK OF INDIA IS CURRENTLY TRADING AT 96.40 .
FOR NOW THE LONG SWING ENTRY EXPECTED .
AT 94.50 TO 100.00
AND THE TARGET FOR THIS SWING WILL BE
T1 : 126.45
T2 : 161.45 RESPECTIVELY .
Its just an idea for a trade,
Please do your own analysis .
drop a comment if you found this informative
