#UNIONBANK is trying for ATH trend line breakout. Yesterday it successfully closed above it. Today after retest, it is looking to close again.
Hourly timeframe is looking interesting. Parallel Channel working perfectly here. Expecting 177 and 183 in coming days.
SEBI STANDS FIRM ON CLOSING AUCTION SESSION, PUSHES FOR HIGHER PARTICIPATION : CNBC AWAAZ
β’SEBI is closely monitoring the rollout of the Closing Auction Session (CAS).
β’ No immediate changes are planned to the existing CAS framework.
β’ Regulator sees no issues with the current design or technical setup.
β’ SEBI Chairman met brokers and market participants to discuss boosting CAS participation.
β’ Higher participation is seen as critical for the auction's long-term success.
β’ Participation improved on the second day compared with the launch day.
β’ SEBI expects auction volatility to decline as participation increases.
β’ Traders are encouraged to use the indicative price displayed during the auction.
β’ CAS was introduced after studying closing auction mechanisms used by major global exchanges.
β’ SEBI says the new system will improve transparency and deliver long-term market benefits as it stabilizes.
#BSE - Setting tone for a positional move. Triggered two of my setups, channel breakout is also visible on 1H timeframe.
Note: not a buy sell reco. DYOR. <3
#UNIONBANK is trying for ATH trend line breakout. Yesterday it successfully closed above it. Today after retest, it is looking to close again.
Hourly timeframe is looking interesting. Parallel Channel working perfectly here. Expecting 177 and 183 in coming days.
#BSE - Setting tone for a positional move. Triggered two of my setups, channel breakout is also visible on 1H timeframe.
Note: not a buy sell reco. DYOR. <3