UNION BANK OF INDIA shows bullish trend using CUP PATTERN

[MOSHIN KHAN]

CUP PATTERN :-

1. The shape formation of the graph is looks like CUP.

2. Time duration to form cup is taken long time interval.

3. Low Volume at this time interval.

4. bullish pattern shows, so take long position above – 132.

5. SL – 114.

6. In this pattern we expect 1.5 to 2 times of the risk which have taken as reward.

7. Target – 159 to 168.

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