UNIONBANK
A PSU bank, multi year breakout, can it multiply your profits?A sector that has woken up in recent years.
A bank which is still trading at fair value to its growth backed by positive earnings release
Technical chart looks good for a buy setup at CMP. DMI indicates bullish strength and Fibonacci retracement shows the stock having good support at 116 levels
Union Bank is my pick of the PSU banks for a medium to long-term horizon.
Entry - 140-142
Stop Loss - 116
Target 220/270
UNIONBANK go long ifit crosses 116
enter @ 116.10
stop loss: 112.70 (if stop loss is hit then loss is 11.5% so take entry if you are capable to take the loss of 11.5%)
target: 141.70 ( if worked then the profit will be 22% with risk from buying level is 11.50%)
NOT SEBI registered , so do your own analysis to take the entry , this is my analysis according to which i may trade.
UNION BANK LOOKING GOOD TO BUY - LONG TERM INVESTMENT CUP PATTERN
Entry Price - 100
SL - 80
Targets - 120,140,170
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#FILATEX 46.90 Upside 17% Recommended Buy - Rachit SethiaFILATEX 46.90
TGT 55
SL 43
TF < 6M
Return > 17% ++
RR > 2.5
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
UNIONBANK taking support of EMA 200Target can be 56 to 61 before end of the May.
As limit bounded price oscillation has given confirmation from EMA 200 support and bottom trending line.
Almost 30% return expected in next 1 month as per the technical analysis chart attached here with.
Feel free to share your thoughts.
Union Bank Trade IdeaUnion 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 days.
Entry- 58.35
Targets- 65-67-70
Stoploss- 55.90
Trend invalidation- Any daily close below 53.20