UNION BANK OF INDIA
FORMED TRIANGLE FORMATION
On Daily Candlesticks it formed Bearish Engulfing Pattern. And also formed a smaller Triangle formation. The key resistence is at 138.30 and the key support is at 121.10. Within that it'll stay in pretty rangebound movement. So breaking the triangle the upper target is 142 and lower target is 110. Daily CCI is just kissed the mid-point level. And Daily RSI just dipped below the mid-point level. The conclusion is Daily CCI and RSI and the Bearish Engulfing all signal towards the SELL.
FORMED TRIANGLE FORMATION
On Daily Candlesticks it formed Bearish Engulfing Pattern. And also formed a smaller Triangle formation. The key resistence is at 138.30 and the key support is at 121.10. Within that it'll stay in pretty rangebound movement. So breaking the triangle the upper target is 142 and lower target is 110. Daily CCI is just kissed the mid-point level. And Daily RSI just dipped below the mid-point level. The conclusion is Daily CCI and RSI and the Bearish Engulfing all signal towards the SELL.
posted by Naveen Pantera at 9:57 PM
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