Saturday, December 27, 2014

Union Bank by Mamta

Banking stocks are in flavour recently and going with the trend I spotted Union Bank of India for you.Just look at the complex corrective pattern out there and see how the macd has been consolidationg near zero levels supporting the triangle formation.But yesterday we saw the stock breaking out with high volume.The projected target being 270-275 for short term.What I would suggest is buying onto this if it breaks Rs.240 in futures...