UNION BANK OF INDIA SWING TRADE📊 Price Action & Trend Analysis
Analyzing market trends using price action, key support/resistance levels, and candlestick patterns to identify high-probability trade setups.
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Price Action Analysis Interprets Market Movements Using Patterns And Trends On Price Charts.
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UNIONBANK trade ideas
UNION BANK 1D TFNSE:UNIONBANK has formed a resistance zone with multiple touch points. If the stock breaks out the stock could traded.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
JUST DON'T MISS THIS - UNION BANK OF INDIA Everything is pretty much explained in the picture itself.
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Wyckoff Accumulation Schematic :EXPECTING 40% MOVE IN UNION BANKRichard Wyckoff noted that small investors often found themselves at a disadvantage and were frequently outmaneuvered in the markets. To address this, he committed himself to educating the average investor about the inner workings of the markets, as exploited by influential players, or the “smart money.” In the 1930s, he established an educational institution, which evolved into the Stock Market Institute. The cornerstone of the curriculum was a course that encapsulated Wyckoff’s strategies for recognizing the patterns of large operators as they accumulated and distributed shares, along with techniques for aligning individual trading strategies with the actions of these market movers. His strategies have stood the test of time, remaining as relevant now as they were when initially
TO KNOW MORE ABOUT WHYKOFF SCHEMATIC GOOGLE IT AND SEE THE IMAGES OF WHYKOFF ACCUMULATION SCHEMATIC
UNION BANK - Gearing up for a Break out?The PSU bank index has been moving in a slightly inclined upward channel showing positive bias. However, this stock has been moving in a sideways range for almost four months now. Now the stock is testing the top of the sideway range. The MFI indicates money is flowing into the stock. The momentum is also positive and increasing, the relative strength is also turning positive. We can see increases in the volume as well. Also, we can see increases in the delivery volumes indicating some interested buying coming in here. The minor trend and the immediate trend are also up. Looks like the stock is gearing up to break out of the range and move into the next higher orbit. So the level to watch out is 162. This stock should find a place on your watch list.
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 - Ready to fly?Union Bank - had an excellent run, then consolidated. Now ready to resume uptrend. Buy above closing of 92 for 100 / 115. Cheers.
Beyond 92 the only resistance will be 94 and will observe price action around that level.
Its a simple idea for educational purpose. If you like it please give a boost.