Union Bank Long or short ??
Diupdate
The stock is heading towards 253 ! ' wow ' feels like to jump on it but it needs confirmation
What i am talking ?
The stock have retraced above 61.80% Feb level , from its original fall from 259 couple of year ago , Now CMP is 189 and if the price holds 185 then rebound i am looking to enter to make some earnings , in my opinion all the banking stocks in weekly chart have shoot up to 61.80% and if they hold key level of Feb then they will all make new highs or will brake the previous all records
Lets see what happens on Monday Opening
Regards
What i am talking ?
The stock have retraced above 61.80% Feb level , from its original fall from 259 couple of year ago , Now CMP is 189 and if the price holds 185 then rebound i am looking to enter to make some earnings , in my opinion all the banking stocks in weekly chart have shoot up to 61.80% and if they hold key level of Feb then they will all make new highs or will brake the previous all records
Lets see what happens on Monday Opening
Regards
Catatan
Stock is getting week , so would be no further consideration until pull back is complete Regards
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