DeepikaMehtaCFA

UCO BANK : CUP PATTERN BREAKOUT

NSE:UCOBANK   UCO BANK
UCO Bank on Daily TF we can see that consolidation breakout made today with high volume. opening at 40 and continue 19% upside. Strong Momentum and high volatility seen after long consolidation. stock made cup pattern from 2016 on Monthly TF and give strong breakout today. Entry at 42 to 43 levels and upside move can see 85 levels in coming days. currently all PSU Banks has seen in breakout with high volume and strong momentum buildup.

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