UNIONBANK - Testing important resistance zone since 2008 (15yrs)

19 Sep 2023

PSU Banks have been unstoppable for the last one month and smaller backs like Central, MahaBank, UCO, PSB have given enormous moves.
UnionBank is on verge of breakout of 100 which has acted as important Support & Resistance since 2008

Although this can have some intraday momentum but a good strong weekly closing above 100 can propel this stock to higher levels.

Intraday - Above 100.5 to 101

Swing - Post weekly closing above 100
Target - 110, 120, 125
SL - 94

Thanks
Piyush Gupta