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shivanimotipara

A PSU bank, multi year breakout, can it multiply your profits?

Long
UNION BK OF INDIA (NSE:UNIONBANK)  
shivanimotipara  
NSE:UNIONBANK   UNION BK OF INDIA
Trend Analysis Chart Patterns Technical Indicators UNIONBANK psubanks stocktrading Stocks stockstobuy longsetup breakouttrading
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trendanalysis chartpattern indicator unionbank psubanks stocktrading stocks stockstobuy longsetup breakouttrading
A sector that has woken up in recent years.
A bank which is still trading at fair value to its growth backed by positive earnings release
Technical chart looks good for a buy setup at CMP. DMI indicates bullish strength and Fibonacci retracement shows the stock having good support at 116 levels

Union Bank is my pick of the PSU banks for a medium to long-term horizon.

Entry - 140-142
Stop Loss - 116
Target 220/270
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