Union Bank of India: Watch before you leap.

finogent Updated   
πŸ“Š Technical Analysis Report: UNIONBANK
πŸ“… Date: September 11, 2023
πŸ•£ Time: 08:28 AM

πŸ“Œ Introduction
The following report provides a πŸ“ˆ technical analysis for Union Bank of India as of September 11, 2023. The stock πŸ›‘ closed at 88.10 on the last πŸ—“ trading day (Friday).

πŸ“Š Key Metrics:

πŸ”’ Last Close Price: 88.10
50 -Day Moving Average: πŸ“‰ Under selling pressure
πŸ”„ Asset Turnover Ratio: πŸ“‰ Low
πŸ“Š Return on Equity (ROE): 1️⃣3️⃣-1️⃣4️⃣%
πŸ’΅ Price-Earnings (P/E) Ratio: 5️⃣-6️⃣

πŸ“ˆ Technical Indicators:

πŸ“Š MACD (12,26,9): πŸ•’ Yet to show crossover, expected in a day or two
πŸ“ˆ Stochastics RSI:
K: 3️⃣1️⃣.1️⃣2️⃣
D: 2️⃣9️⃣.4️⃣7️⃣
πŸ“‰ Percent R: -6️⃣3️⃣.4️⃣8️⃣
πŸ“ˆ Fisher 9:
Trigger: 0️⃣.6️⃣6️⃣
Fisher: 0️⃣.2️⃣5️⃣

🎯 Entry, Target and Stop-Loss Levels
πŸ”₯ For Aggressive Traders

🎯 Entry Price: 9️⃣0️⃣.8️⃣5️⃣ (0.5 Fibonacci Levels)
🏁 Target Price 1: 9️⃣2️⃣.4️⃣0️⃣
🏁 Target Price 2: 9️⃣4️⃣.3️⃣0️⃣
πŸ›‘ Stop Loss: 8️⃣8️⃣.1️⃣0️⃣
🐒 For Conservative Traders

🎯 Entry Price: 9️⃣2️⃣.2️⃣5️⃣ (0.618 Fibonacci Levels)

πŸ“ Conclusion:

While πŸ“˜ fundamental aspects like ROE and asset turnover are not too promising, the low P/E ratio indicates a potential πŸ’° cheap entry point.

πŸ”₯ Aggressive traders can consider an entry at 90.85 targeting 92.40 and 94.30, with a stop loss at 88.10. 🐒 Conservative traders can enter at 92.25.

⚠️ Disclaimer
πŸ“ This report is for informational purposes only and should not be considered as πŸ’° financial advice. Investors are advised to perform their own due diligence πŸ•΅οΈβ€β™€οΈ before making any investment decisions.

🏷️ Hashtags
#️⃣UnionBankofIndia #️⃣TechnicalAnalysis #️⃣StockMarket #️⃣Trading #️⃣Finance
Trade closed: target reached:
Target 1 and Target 2 reached with over 8.03% gain from the R+1 day ( Recommendation + 1 Day) basis.
the stock has hit through the roof.. :)


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