UNION BANK OF INDIA
- Stock has formed triangle formation in daily chart, this indicates sharp movement expecting once stock comes out from its formation.
- Stock also facing 200 DMA support at current levels, as long as stock holds above bulls will be favored. Once stock starts trading below 200 DMA then weakness can be seen.
- As per weekly chart stock stuck in range bound zone, this indicates, once it comes out from its zone then sharp rally can be seen. Close Watch.