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UNIONBANK

Union Bank Charts: Time to Buy or sell?After closely analyzing the Union Bank chart we have observed that 1) On weekly Tf, Union bank is trading with a bullish bias and currently its trading on a retracement move. For any buying opportunity we look for any change in Trend on lower Tf usually in 1Day or 4 HR chart. 2) On Daily Tf, Union bank is following the market structure of LH & LL, and looking at the very recent move the trend has been shifted to bullish. We can see on the chart that the previous LH is getting liquidated & market has formed a ned HH, indicating a switch in Market structure. We will look for only Buy opportunity when the price comes down to the FVG & OB on the daily tf. Entry on FVG or OB will help us to follow the smart money inflow. This is for educational purposes only. Please have your own research before investing.
NSE:UNIONBANKLong
by Trade_lyst
Union Bank | Swing Stock | Best Opportunity in Banking sector #UnionBank is approaching a critical breakout level, with technical indicators reflecting improving momentum. The bank's market capitalization is robust, signaling strong financial health. Additionally, the banking sector as a whole is poised for significant growth in the coming days. Investors should closely monitor UnionBank , as it presents a promising opportunity for potential gains. Keep it on your watchlist and track its performance regularly. - good market cap - pe is lower - sector is preforming well - good for long term as well short term. Do you own analysis and trad with your own risk management. its not personal recommendation. please Like| share | comment your views Best of luck Regards,
NSE:UNIONBANKLong
by apstockanalysis
Union Bank - Bullish Surge ExpectedUnion Bank of India has formed Inverted Head & Shoulders Pattern on monthly timeframe. This bullish technical formation often signifies a potential trend reversal, hinting at a shift from a downward trajectory to an upward one. Adding to this positive outlook, the Relative Strength Index (RSI) has climbed above 60, indicating a growing strength in the stock's momentum. As RSI measures the speed and change of price movements, this rise could be indicative of increasing buying interest and a potential uptrend in the making. These combined signals from both the inverted head and shoulders pattern and the RSI suggest that the stock might be on the cusp of a significant upward move. Traders and investors are keenly watching this setup as they anticipate a potential bull run in the coming months. Support - 75 Resistance - 180/240
NSE:UNIONBANKLong
by PowerOfTA
UNIONBANK - Buy opportunity in sightNSE:UNIONBANK Union Bank of India is engaged in providing banking and financial services. The Bank offers products and services in three categories: Deposits, Loans and Advances, and Remittances and Collections. TTM EPS: 7.28 TTM PE: 5.65 Sector PE: 20.33 Book Value Per Share: 89.52 P/B: 0.46 Face Value: 10 Mkt Cap (Rs. Cr.): 28,090 Some Positives: Company with high TTM EPS Growth Strong Annual EPS Growth Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year Efficient in managing Assets to generate Profits - ROA improving since last 2 year Growth in Quarterly Net Profit with increasing Profit Margin (YoY) Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years Company with Zero Promoter Pledge FII / FPI or Institutions increasing their shareholding Current price is less than the intrinsic value Over the last 5 years, revenue has grown at a yearly rate of 18.08%, vs industry avg of 7.63% Over the last 5 years, market share increased from 5.49% to 8.72% Some Positives: Red Flag: High Interest Payments Compared to Earnings Decline in Net Profit with falling Profit Margin (QoQ) Declining Net Cash Flow : Companies not able to generate net cash My Opinion: My opinion is clearly visible on chart. But I would recommend you to read about decreasing trend of NPA and the setup of 'bad bank' by GoI. It is a real positive for all PSU banks in future. NOT A RECOMMENDATION. JUST FOR EDUCATION. Thanks.
NSE:UNIONBANKLong
by babutaaniket
2
UNIONBANK - Long Setup, Move is ON..NSE:UNIONBANK ✅ #UNIONBANK trading near Resistance of 140 ✅ Next Resistance is at 182 Related charts: Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:UNIONBANKLong
by Sandeep_Aggarwal
Investment pick- Union BankUnion bank is one of the top 5 largest PSU banks of India. We have seen an amazing rally in PSU banks in the last couple of years on the basis of improved profitability and asset quality. Technically, Union bank has a big scope of uptrend possible as the stock has recently broken the resistance of 100. Positional traders can look for targets of 140, 175+ in next 6-12 months. Stock offers a good dividend yield over 2%. Good stock from investment point of view.Idea shared for educational purposes.
NSE:UNIONBANKLong
by chartistamey
UNIONBANK - Ichimoku Breakout📈 Stock Name - Union Bank Of India 🌐 Ichimoku Cloud Setup: 1️⃣ Today's close is above the Conversion Line. 2️⃣ Future Kumo is Turning Bullish. 3️⃣ Chikou span is slanting upwards. All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 133. 🚨 Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market. #CloudTrading #IchimokuCloud #IchimokuFollowers #Ichimokuexpert Excited about this analysis? Share your thoughts in the comments below! 👍 Like, Share, and Subscribe for daily market insights! 🚀 #StockAnalysis #MarketWatch #TradingEducation
NSE:UNIONBANKLong
by nikunjbhadja
2
#UNIONBANK LONG TRADE IDEA SETUPGreetings Folks, today i have prepared a setup of UNION BANK on NSE the analysis is as follows- - The price has started a minor bullish trend - it is now trying to break the pivotal point that is the previous lower high, if this breaks, we can expect the price to continue the bullish trend - 2 possible entries have been depicted in the chart, do as the chart follows - have also marked the intraday trade target don't play with fire, always use a predefined stoploss
NSE:UNIONBANKLong
by profitpujari
Union Bank of India: Watch before you leap.📊 Technical Analysis Report: BSE:UNIONBANK 📅 Date: September 11, 2023 🕣 Time: 08:28 AM 📌 Introduction The following report provides a 📈 technical analysis for Union Bank of India as of September 11, 2023. The stock 🛑 closed at 88.10 on the last 🗓 trading day (Friday). 📊 Key Metrics: 🔒 Last Close Price: 88.10 50 -Day Moving Average: 📉 Under selling pressure 🔄 Asset Turnover Ratio: 📉 Low 📊 Return on Equity (ROE): 1️⃣3️⃣-1️⃣4️⃣% 💵 Price-Earnings (P/E) Ratio: 5️⃣-6️⃣ 📈 Technical Indicators: 📊 MACD (12,26,9): 🕒 Yet to show crossover, expected in a day or two 📈 Stochastics RSI: K: 3️⃣1️⃣.1️⃣2️⃣ D: 2️⃣9️⃣.4️⃣7️⃣ 📉 Percent R: -6️⃣3️⃣.4️⃣8️⃣ 📈 Fisher 9: Trigger: 0️⃣.6️⃣6️⃣ Fisher: 0️⃣.2️⃣5️⃣ 🎯 Entry, Target and Stop-Loss Levels 🔥 For Aggressive Traders 🎯 Entry Price: 9️⃣0️⃣.8️⃣5️⃣ (0.5 Fibonacci Levels) 🏁 Target Price 1: 9️⃣2️⃣.4️⃣0️⃣ 🏁 Target Price 2: 9️⃣4️⃣.3️⃣0️⃣ 🛑 Stop Loss: 8️⃣8️⃣.1️⃣0️⃣ 🐢 For Conservative Traders 🎯 Entry Price: 9️⃣2️⃣.2️⃣5️⃣ (0.618 Fibonacci Levels) 📝 Conclusion: While 📘 fundamental aspects like ROE and asset turnover are not too promising, the low P/E ratio indicates a potential 💰 cheap entry point . 🔥 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 📝 This report is for informational purposes only and should not be considered as 💰 financial advice. Investors are advised to perform their own due diligence 🕵️‍♀️ before making any investment decisions. 🏷️ Hashtags #️⃣UnionBankofIndia #️⃣TechnicalAnalysis #️⃣StockMarket #️⃣Trading #️⃣Finance
NSE:UNIONBANK
by finogent
3
UNIONBANKWait And Watch ?? Look for Low risk, High reward, and High Probability setups- Things to Remember while Trading with the Trend 1. Know what the trend is. 2. The best trades are made in the direction of the trend. 3. Assume that the main trendline or moving average will hold. 4. The longer the moving average is, the better it defines the trend. 5. Wait for the pullback. 6. Don’t chase the market. 7. Don’t fight the market. 8. Even in the strongest trends there should be some retracement. 9. The closer the market is to the trendline, the better the risk/reward ratio is. 10. Use ADX to determine the strength of the trend. 11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy 12. Hold trades longer in a strong trend. 13. Wait for confirmation of a trendline breaking before reversing position. 14. Know where the Support levels are. 15. Place stops outside the Support levels. Thank You..
NSE:UNIONBANKLong
by Rvkachhadiya
Union Bank of India - Multi Year Trend Line Breakout#Unionbank CMP ₹.101.90/- Union Bank of India one of the biggest public sector bank in India woken up from a long sleep. Multiyear break out happened in this stock. 10 year long resistance trend line and 6 year long resistance trend line have been broken. A cup and hand breakout is also visible. Stock crossed 100 levels last day.Now this slow mover will change it's gear. 50% move can be expected in short term. Disclaimer : Post only for educational prpose. Not a buying / selling recommendation. This is only my personal view. I am not aPlease SEBI registered analyst . Do your own analysis and act accordingly .
NSE:UNIONBANK
by DevanNaayar
Union Bank - Bullish Signal with Inverted Head and Shoulders PatStock Name: Union Bank View: Bullish Analysis : Union Bank's price action suggests a potential bullish scenario based on the following technical factors: 1 - Inverted Head and Shoulders Pattern: On the daily time frame, Union Bank is forming an inverted head and shoulders pattern, which is a classic reversal pattern. This pattern typically indicates a potential upward move after a downtrend or consolidation. 2 - Continuation Pattern: The inverted head and shoulders pattern is occurring within the context of a primary uptrend, indicating that this pattern might act as a continuation pattern, further supporting the bullish view. 3 - Weekly Consolidation: The stock is currently consolidating on the weekly time frame after a previous upward movement. This consolidation phase could be a sign of temporary price stability before another potential leg up. 4 - Market Context: CNXPSUBANK is undergoing a multi-year consolidation, which, when broken, could have a positive impact on Union Bank's performance, potentially fueling a significant rally. Trade Plan: Based on the analysis, here is a potential trade plan: Entry : Consider entering a long position if Union Bank's price breaks above the horizontal resistance level ranging from 92.3 to 93. Stop Loss (SL) : Place a stop loss order just below the recent swing low at 89. This offers a risk management strategy to limit potential losses. SL Percentage : The stop loss represents a 3.5% decline from the entry point, providing a buffer against potential market volatility. Position Sizing : For risk management, allocate a position size that corresponds to a 1% risk of your total capital. This could amount to approximately 28% of your total capital. Max Position Size : However, it's advisable to cap the maximum position size at 25% of your total capital. This adjustment not only aligns with prudent risk management practices but also helps reduce the overall risk exposure. Disclaimer : Trading and investing in the stock market carry inherent risks. This analysis is for informational purposes only and should not be considered financial advice. Prior to making any trading or investment decisions, it is recommended to conduct thorough research and consult with a certified financial advisor. Please note that the stock market's unpredictability and past performance not indicating future results emphasize its inherent uncertainty. Trading entails substantial risk, including potential capital loss. This analysis focuses exclusively on technical factors and does not account for fundamental or external market influences. Prior to making any trading decisions, conducting thorough research and seeking advice from qualified financial professionals is advised. Remember, your decisions solely bear consequences, and you are fully accountable for your trading outcomes. Approach decisions with caution and thorough consideration. This analysis and disclaimer are furnished solely for educational and informational purposes. It must not be construed as financial advice. Trading encompasses risks, and it is imperative to comprehensively comprehend these risks before making any trading determinations. #StockAnalysis #TechnicalAnalysis #TradingIdeas #BullishSignal #InvertedHeadAndShoulders #MarketAnalysis #FinancialMarkets #TradingOpportunity #InvestmentStrategy #RiskManagement #TradingViewAnalysis
NSE:UNIONBANKLong
by Triyambak_CA
'Bullish' on Union Bank for Short TermThe scrip was in a corrective phase after reaching a 52W high of 96.40.The scrip gave a breakout from the triangle pattern on daily time frame forming a large bullish candle on 03.03.2023 rising 8.3 percent to 72.40 with above average volumes. The stock is trading higher than 8 day, 21 day, 100 day and 200 day EMA . However, it is trading below its 50 day EMA of 75.51. Price crossed 21 EMA of 70.54 on 03/03/23 with above average volumes. Delivery volumes were more than 2x higher than weekly average Del. volume and nearly 4x the monthly average del. volumes.This suggests that the price action is bullish for the short term. In its forward journey the price might take resistance near its 50 EMA of 75.51. A cross above 50 EMA will signal going long for medium term. Target 1 : 77 Target 2 : 84 Target 3 : 89
NSE:UNIONBANKLong
by finvestar
7