UNIONBANK
has closed at 213.20. This stock has given a small breakout. Whether this
breakout will work and go further up or it will fail that cannot be predicted. Only
policy that we follow is, one must take a chance and trade the breakout, as
most of the time, breakout works
in favor. One can initiate a long position in
this stock for the targets of 219 and 225. A strict and closing basis Stop Loss
must be maintained at 205.
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