Inv. Head and Shoulder breakout done on monthly. Multiyear trendline breakout and retracement done on monthly. Once 107 resistance is broken, can see a quick upmove to 143 in a month. Final target is 170. Since its the monthly pattern, it will take much time(several months) to achieve the desired target.
Note: This is for educational purpose only.
Union 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...
Union Bank of India is engaged in the Business of Banking Services, Government Business ,Merchant Banking, Agency Business Insurance, Mutual Funds, Wealth Management etc.
- Company has delivered good profit growth of 29.5% CAGR over last 5 years.
- the Largest PSB in Business Mix
- 9.4% Share among PSBs in Business
- Operating Profit ₹ 14,400 Cr
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...
Stock is trading near 2018 resistance levels. Stock has crossed a very crucial level which is a psychological resistance too i.e, 100 last week. And this week it is retesting this level. After 106 stock doesn't have any strong resistance to be taken care of. So it is a good opportunity and a good swing setup.
This analysis is just for educational purpose. Do...
📊 Technical Analysis Report: BSE:UNIONBANK
📅 Date: September 11, 2023
🕣 Time: 08:28 AM
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...
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
Face Value: 10
Mkt Cap (Rs. Cr.): 28,090
Wait 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...
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...
📈 Bullish Pattern Alert! 🐂
📊 Pattern: Symmetrical Triangle, Double bottom
📌 Symbol/Asset: Union Bank of India
🔍 Description: Stock with two patterns, Support on law of polarity.
👉 Disclosure: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Union 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...
UBI is a psu bank in India having nearly 4500 branches allover India . It's an undervalued stock. Profit margin is increasing qoq basis. Stock is near it's 52 week high. Also it just crossed it's 10 year long multiresistance line. Technically a breakout has been happened. So 150 levels are not so far. If it crosses 100 levels within a month then 150 can be...
Stock Name: Union Bank
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...
The 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...