UCO BANK Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock holds strong at current levels, Weakness expecting once closes below 92, till then will favor bulls. (Updated for 18th August 2014, Monday).

UCO BANK

• As per previous report published on UCO BANK, stock failed to close above 116, and after that we have witnessed selling and stock made a low of 94. (Click here to see past report published on UCO BANK).
• Now daily chart indicates stock is facing strong support around 92, as shown in graph no. UCO failed to close below its 38.2% fibonacci retracement support , and stock bounced back. Bulls may get active if stock fails to breaks its support.
• Intraday close watch if UCO starts trading below 92 and stays below then intraday weakness is expecting.
• Suggested Reading - ICICI BANK facing strong golden ratio resistance at current levels.
• Weekly chart indicates that stock is facing support of its previous resistance , which is now acting as a major support for UCO, as long as stock holds above in weekly chart , stock can bounce back, but if fails to take this support then can see further weakness.
• As per graph no 3 , stock is also facing strong support of its down channel formation and also 100 Days moving average, as long as holds above it will favor bulls and if breaks then further weakness is expecting. Close Watch.
• Click here to see all the free trading reports (tips) published by us on UCO BANK.
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