π Technical Analysis Report:
UNIONBANK
π Date: September 11, 2023
π£ Time: 08:28 AM
π Introduction
The following report provides a π technical analysis for Union Bank of India as of September 11, 2023. The stock π closed at 88.10 on the last π trading day (Friday).
π Key Metrics:
π Last Close Price: 88.10
50 -Day Moving Average: π Under selling pressure
π Asset Turnover Ratio: π Low
π Return on Equity (ROE): 1οΈβ£3οΈβ£-1οΈβ£4οΈβ£%
π΅ Price-Earnings (P/E) Ratio: 5οΈβ£-6οΈβ£
π Technical Indicators:
π MACD (12,26,9): π Yet to show crossover, expected in a day or two
π Stochastics RSI:
K: 3οΈβ£1οΈβ£.1οΈβ£2οΈβ£
D: 2οΈβ£9οΈβ£.4οΈβ£7οΈβ£
π Percent R: -6οΈβ£3οΈβ£.4οΈβ£8οΈβ£
π Fisher 9:
Trigger: 0οΈβ£.6οΈβ£6οΈβ£
Fisher: 0οΈβ£.2οΈβ£5οΈβ£
π― Entry, Target and Stop-Loss Levels
π₯ For Aggressive Traders
π― Entry Price: 9οΈβ£0οΈβ£.8οΈβ£5οΈβ£ (0.5 Fibonacci Levels)
π Target Price 1: 9οΈβ£2οΈβ£.4οΈβ£0οΈβ£
π Target Price 2: 9οΈβ£4οΈβ£.3οΈβ£0οΈβ£
π Stop Loss: 8οΈβ£8οΈβ£.1οΈβ£0οΈβ£
π’ For Conservative Traders
π― Entry Price: 9οΈβ£2οΈβ£.2οΈβ£5οΈβ£ (0.618 Fibonacci Levels)
π Conclusion:
While π fundamental aspects like ROE and asset turnover are not too promising, the low P/E ratio indicates a potential π° cheap entry point.
π₯ Aggressive traders can consider an entry at 90.85 targeting 92.40 and 94.30, with a stop loss at 88.10. π’ Conservative traders can enter at 92.25.
β οΈ Disclaimer
π This report is for informational purposes only and should not be considered as π° financial advice. Investors are advised to perform their own due diligence π΅οΈββοΈ before making any investment decisions.
π·οΈ Hashtags
#οΈβ£UnionBankofIndia #οΈβ£TechnicalAnalysis #οΈβ£StockMarket #οΈβ£Trading #οΈβ£Finance
π Date: September 11, 2023
π£ Time: 08:28 AM
π Introduction
The following report provides a π technical analysis for Union Bank of India as of September 11, 2023. The stock π closed at 88.10 on the last π trading day (Friday).
π Key Metrics:
π Last Close Price: 88.10
50 -Day Moving Average: π Under selling pressure
π Asset Turnover Ratio: π Low
π Return on Equity (ROE): 1οΈβ£3οΈβ£-1οΈβ£4οΈβ£%
π΅ Price-Earnings (P/E) Ratio: 5οΈβ£-6οΈβ£
π Technical Indicators:
π MACD (12,26,9): π Yet to show crossover, expected in a day or two
π Stochastics RSI:
K: 3οΈβ£1οΈβ£.1οΈβ£2οΈβ£
D: 2οΈβ£9οΈβ£.4οΈβ£7οΈβ£
π Percent R: -6οΈβ£3οΈβ£.4οΈβ£8οΈβ£
π Fisher 9:
Trigger: 0οΈβ£.6οΈβ£6οΈβ£
Fisher: 0οΈβ£.2οΈβ£5οΈβ£
π― Entry, Target and Stop-Loss Levels
π₯ For Aggressive Traders
π― Entry Price: 9οΈβ£0οΈβ£.8οΈβ£5οΈβ£ (0.5 Fibonacci Levels)
π Target Price 1: 9οΈβ£2οΈβ£.4οΈβ£0οΈβ£
π Target Price 2: 9οΈβ£4οΈβ£.3οΈβ£0οΈβ£
π Stop Loss: 8οΈβ£8οΈβ£.1οΈβ£0οΈβ£
π’ For Conservative Traders
π― Entry Price: 9οΈβ£2οΈβ£.2οΈβ£5οΈβ£ (0.618 Fibonacci Levels)
π Conclusion:
While π fundamental aspects like ROE and asset turnover are not too promising, the low P/E ratio indicates a potential π° cheap entry point.
π₯ Aggressive traders can consider an entry at 90.85 targeting 92.40 and 94.30, with a stop loss at 88.10. π’ Conservative traders can enter at 92.25.
β οΈ Disclaimer
π This report is for informational purposes only and should not be considered as π° financial advice. Investors are advised to perform their own due diligence π΅οΈββοΈ before making any investment decisions.
π·οΈ Hashtags
#οΈβ£UnionBankofIndia #οΈβ£TechnicalAnalysis #οΈβ£StockMarket #οΈβ£Trading #οΈβ£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.
Comment:
the stock has hit through the roof.. :)