ucobank luking gud here gud price action gud indictors much wow
Reason for long a) Weekly head and shoulder pattern b) pattern formation in channel is another powerfull signal for long c) this formation induced and broken channel is third potential reason for long SL compulsory
go long on uco bank it has a long way to give breakout on these range
This is a Positional Trade wait for a breakout and take trade!
Analysis, Target, and SL are mentioned in the chart itself
Fundamental making strong Technical also at support ,do your own analysis before investing.
UCOBANK EQUITY levels ...13/07/2021 (D candle)
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.