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 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...
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...
the banking index looks set to show further higher zones with ups and downs dont feel it is difficult for it to kiss 50 k mark in months to come
Union Bank Of India Analysis If Price Closes above 55 on Daily timeframe, Good Opportunity to buy @ 55 and Targets on Upside are Target 1->84, Target 2->91 Time Period--> 3 Months
Unionbank bullish monthly upside Can watch for near support of 36-38 for a positional tp of 59-60 Kindly support us by giving likes it motivates us to bring profitable chart setup like this
Stock Name - Union Bank Of India Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 50. #This is not Buy and Sell recommendation to any one. This is for education...
Must not cross below 46.65 for it to be in bullish momentum 48.75 must be crossed for further upside
The upper and lower trend line has been respected multiple time. Also the MACD is showing bullish signal. Next target for 6 months - 70 Stop-loss - 34
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union bank will give a short term target !!! 1. trendline break 2. result coming 3. after two bank merger with union bank it will give good company profits...
Bullish only above 44.05 Tends to move sideways once below 40
Union bank is making corrective pattern here guys, pattern which is running flat for now looks complete, you can wait for it to break the downside trend line to get involved in trade or just wait for it make corrective structure at lower time frame to go long. buy till the break of mentioned resistance.
Unionbank Long (02 Feb) RSI- 59 taking strong support at 20 and 50 Day EMA's Marubosu candle at breakout Buy at CMP- 47.7 SL- 45 Target- 50.3, 53.4, 54.5 Join us, Learn more, Earn more Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
Looks good to buy above 50 for targets of 55 and 65 . Please do your own analysis before making any decisions and also let me know if I missed something. Let's learn together.
Price action suggests bullishness in Union Bank of India. Buy for a target of 54-55.
The analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock...
Union Bank Buy Setup : Nice Candle to run up. Keep final SL at Red line.