Union Bank is making a broadening wedge pattern in daily time frame.
We have closed above the pivot(orange line) with good volume which is a bullish sign now we need to stay above it for next few days for further trend continuation.
and there is beautiful relation which is found out to be with price and time, so just being bullish biased upcoming rally can take 27...
IH&S formation complete on higher time frame and it's very bullish. After brokeout, neckline has been tested and rejected.
Targets on it are :
T1 70.50
T2 75
T3 79
Option buying trades should not run for a very long time
It should have that momentum move SO that the option price does not melts
I TAKE TRAININGS ON OPTIONS BUYING STRATEGY AND EXCLUSIVE INTRADAY STRATEGY
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round retest with space after level reclaim. shd hold and rally after retest to take out the swing high above. Trail stops over the ema band once it starts moving up
UNION BANK OF INDIA
Sector: Financials
Industry: Banks
Employees: 37262
Union Bank of India is an India-based bank engaged in providing banking and financial services to its customers. The Bank offers products and services in three categories: Deposits, Loans and Advances, and Remittances and Collections. Its segments include Treasury operations, Corporate and...
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed...
