UNION BANK OF INDIAShort
UNION BANK : READY FOR A BREAKDOWN..
Union Bank has formed a Descending Triangle.
A break below 148 levels can take the stock to 140/135/121 levels.
Out of the Total 2,17,84,000 open positions, the stock had short built-up of 1,81,92,000 from 22nd-29th May.
More 10,96,000 Shorts were added today.
Looks like the Govt's move to resolve the NPA issue will take quite a long time (upto 6 months or more), until then stocks may well return to lower trading ranges.
Short Below 148 for targets of 140/135.
Stop Loss to be placed at 155.
A break below 148 levels can take the stock to 140/135/121 levels.
Out of the Total 2,17,84,000 open positions, the stock had short built-up of 1,81,92,000 from 22nd-29th May.
More 10,96,000 Shorts were added today.
Looks like the Govt's move to resolve the NPA issue will take quite a long time (upto 6 months or more), until then stocks may well return to lower trading ranges.
Short Below 148 for targets of 140/135.
Stop Loss to be placed at 155.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.