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Unionbankofindia

UNIONBANK : Wave 4 Play The daily chart for Union Bank of India indicates a robust long-term bullish trend supported by a well-defined ascending trendline. Currently, the price action suggests we are in the final stages of a corrective phase, preparing for a potential "Fifth Wave" impulse. 🔍 Technical Breakdown 1. The Impulse Framework (Waves I - III) Wave (I) & (II): Established the base trend throughout early 2025. Wave (III): A powerful extended move that peaked near the 210 level in March 2026. This was the primary growth phase. 2. The Corrective Phase (Wave IV) The stock is currently undergoing a Wave (IV) correction, which appears as a classic ABC flat/zigzag internal structure (marked in red). We are currently trading within the Wave 4 completion zone (155 – 174). Support Logic: This zone aligns with the long-term ascending trendline (red line), which has historically acted as a strong "buy on dips" floor. 3. The Projection (Wave V) If the support at the trendline holds, the next logical step is the start of Wave (V). Target Zone: 209 – 217. Ultimate Goal: Re-testing and potentially breaking the previous swing high established by Wave (III). 🏗️ Actionable Trading Plan Accumulation Strategy: Zone: The current range between 155 and 169 is an ideal accumulation area for swing traders. Logic: Buying near the confluence of the Wave 4 completion zone and the ascending trendline provides a high-probability entry point. Confirmation: Look for a strong bullish rejection candle (like a Hammer or Bullish Engulfing) on the daily timeframe near the trendline (~155-160 level). A breakout above 180 would provide secondary confirmation that Wave (V) has officially commenced. Risk Management: Stop Loss (SL): Place a strict stop loss below 151.00 on a day closing basis. Reasoning: A decisive close below 151 would invalidate the current Elliott Wave count and signal a breakdown of the primary trendline. 💡 Educational Insight: The Power of Confluence In technical analysis, "confluence" occurs when multiple indicators or patterns align at the same price point. In this UNIONBANK chart, we have: Elliott Wave: Potential Wave 4 completion. Structural Support: The 155-174 horizontal demand zone. Trendline Support: The long-term ascending support line. When these factors converge, the statistical probability of a reversal increases significantly. 🏁 Summary Trend: Bullish (Long-term) / Corrective (Short-term). Key Support: 155. Primary Target: 209+. Mindset: Patiently accumulate near the trendline. Wave 4s can be choppy, so avoid aggressive position sizing until the reversal is confirmed. Disclaimer: I am not a SEBI-registered analyst. This analysis is for educational purposes only. Investing in the stock market involves risk; please perform your own research or consult a certified financial advisor before taking any positions.
NSE:UNIONBANKLong
by LiveTradingBox
Union Bank : Ready For 85%+ Gain in 1-1.5 Years Hi friends, Target & Stoploss are mentioned on the self explanatory chart . please don`t go with the buzz around you regarding the stocks and stock market . Please follow what Technical chart & analysis is conveying . Union Bank is a central government backed bank and currently it is reversal phase in terms of chart pattern. Higher-High & Higher-Low getting formed in longer time-frame like Weekly & monthly chart . Please feel free to comment or share your views on my analysis . Note : I am not SEBI registered advisor . Please consider my analysis for education purpose only .
NSE:UNIONBANKLong
by yadkr11
2
Understanding Trend Breakouts, RSI Signals and Risk Management📈 Understanding Trend Breakouts, RSI Signals, and Risk Management in Trading : Base Chart UNION BANK OF INDIA Union Bank of India’s stock currently presents a compelling opportunity as it has successfully broken out of its long-term downtrend and is sustaining above the trendline, signaling a confirmed reversal in sentiment. The price action is now forming higher highs and higher lows, a classic bullish structure that often precedes further upward momentum. With the RSI holding above 50 and now approaching the 70 zone, momentum indicators are aligning with price strength, suggesting strong buying interest. For investors and traders, this setup highlights a favorable risk-reward scenario, where disciplined risk management—such as using stop-losses and position sizing—can help capitalize on the breakout while safeguarding against volatility. Lets elobrate the study.... 🔹 The Significance of Long-Term Downtrends Definition: A long-term downtrend occurs when a stock consistently makes lower highs and lower lows over an extended period. Investor Psychology: It reflects persistent bearish sentiment, where sellers dominate buyers. Why It Matters: Recognizing a downtrend helps traders avoid premature entries and understand the broader market context. ✅ Breakout Above the Downtrend Line Trendline Break: When a stock sustains above its long-term downtrend line, it signals a potential trend reversal. Confirmation: Sustained price action above the line, supported by volume, indicates that buyers are gaining control. Implication: This often marks the beginning of a new bullish phase, where higher highs and higher lows start forming. 🔹 RSI (Relative Strength Index) as a Momentum Indicator RSI Basics: RSI measures momentum on a scale of 0–100. Below 30 → Oversold (potential reversal upward). Above 70 → Overbought (potential reversal downward). Importance of RSI Above 50: RSI consistently above 50 suggests bullish momentum. It indicates that average gains outweigh average losses. RSI Moving Toward 70: Crossing into the 70+ zone reflects strong buying strength. While it can signal overbought conditions, in trending markets it often supports continued bullishness. 🔹 Risk Management Principles Even with strong technical signals, risk management is essential: Position Sizing: Never allocate more capital than you can afford to lose. Stop-Loss Orders: Protect against sudden reversals by setting predefined exit points. Diversification: Avoid concentrating all investments in one stock or sector. Avoid Emotional Trading: Stick to your plan; don’t chase prices or panic sell. 🔹 Key Takeaways for Investors & Traders Trend Reversal: Sustained breakout above a long-term downtrend line is a powerful bullish signal. Momentum Confirmation: RSI above 50, moving toward 70, strengthens confidence in the trend. Breakout Opportunities: Higher highs and higher lows formation confirms the stock’s bullish structure. Risk Discipline: Technical signals are valuable, but risk management ensures long-term survival in markets. Balanced Approach: Combine technical analysis with sound trading psychology and portfolio management. 📌 Final Thought: Technical indicators like trendlines and RSI provide valuable insights, but they are not foolproof. The most successful traders blend technical signals with disciplined risk management, ensuring they ride profitable trends while protecting themselves from unexpected market shifts.
NSE:UNIONBANKEducation
by NANARKAR
UNION BANK OF INDIA | Monthly Chart – Breakout Confirmed UNION BANK OF INDIA | Monthly Chart – Breakout Confirmed 🚀 The Cup & Handle breakout is now clearly visible on the monthly chart, validating the setup discussed earlier. 🔹 Price has closed decisively above the handle resistance (~₹160–162 zone), confirming the breakout. 🔹 Monthly average volume has already been leveled, indicating absorption is complete and the stock is now in an expansion phase. 🔹 Momentum is strong, with price holding above key moving averages — a positive sign for positional and swing traders. 🎯 Upside Levels to Track: - By Next 90 days Target 1: ₹205 Target 2: ₹250 Positional Target: ₹300–304 (if momentum sustains) 🛑 Risk Management: Stop-loss: ₹150 on a monthly closing basis 📈 Trading View: As long as price sustains above the breakout zone, buy-on-dips or hold strategy remains favorable. This is a classic example of structure + volume + time-frame alignment working together. Trend is now established — manage risk and let the trade play out. 📌 Thanks a ton for checking out my idea! Hope it sparked some value for you. 🙏 Follow for more insights 👍 Boost if you found it helpful ✍️ Drop a comment with your thoughts below!
NSE:UNIONBANKLong
by DrPrashantVerma
6
Union Bank of India: Long-Term Head & Shoulders PatternUnion Bank of India has delivered a decisive long-term breakout on the monthly timeframe after completing a classic Inverse Head & Shoulders pattern, marking a major structural shift in trend. The pattern has been in formation for several years, with a well-defined left shoulder, a deep head near the bottoming zone, and a higher right shoulder, clearly reflecting gradual accumulation after prolonged weakness. The most important technical development is the clean breakout above the neckline resistance, which had capped price action for multiple years. This neckline breakout is supported by strong bullish candles, indicating conviction from long-term participants rather than short-term speculation. Such breakouts on higher timeframes often signal the beginning of a multi-year uptrend rather than a temporary rally. From a projection perspective, the measured move derived from the head-to-neckline height suggests a primary upside target near the 240+ zone, followed by an extended target around 280+. If momentum sustains and the broader banking sector remains supportive, the structure also opens the door for a long-term projected target near 325+, aligning with the full pattern height projection shown on the chart. Risk remains clearly defined in this setup. As long as the price holds above the neckline breakout zone, the bullish structure remains intact. Any sustained move back below this level would weaken the breakout thesis and shift the view back to consolidation. This makes the trade favorable from a risk–reward standpoint, as downside risk is limited relative to the potential upside. Overall, Union Bank of India is transitioning from a prolonged basing phase into a new bullish cycle. Such high-timeframe pattern breakouts are often accompanied by volatility in the initial phase, but structurally they favor positional and long-term investors, especially when managed with disciplined risk control.
NSE:UNIONBANKLong
by TradZoo
UNIONBANK 1 Week Time Frame 📊 Current Price (Weekly Context) ~₹162 – ₹163 per share (latest live/NSE quote). 📈 Weekly Support & Resistance Zones (Approx) Resistance Levels (Upside) These are key levels to watch if the weekly price continues uptrend: • R1 ≈ ₹167–₹168 – immediate resistance near recent 52‑week high. • R2 ≈ ₹170–₹172 – near psychological/upper range targets. • R3 ≈ ₹175+ – extended zone if momentum accelerates (trend continuation). Support Levels (Downside) Important weekly support levels where pullbacks could find buying support: • S1 ≈ ₹158–₹159 – near recent short‑term pullback zone. • S2 ≈ ₹155–₹156 – near mid‑range cluster of moving averages. • S3 ≈ ₹150–₹152 – deeper support aligned with 50‑day average zone. 🔄 Technical Indicators Outlook (Weekly / Short‑Term) Momentum & Trend: Weekly technicals show bullish momentum with RSI moderately bullish and MACD positive on recent data. Price remains above key EMAs (20, 50, 100, 200 averages), which supports the uptrend. Volatility: ATR and trend indicators suggest active movement, so breaks above/below key levels can lead to sustained swings. 📌 Quick Weekly Levels Summary (Approx) Level Type Price Zone R3 (Strong Resist) ₹172–₹175+ R2 (Next Resist) ₹170–₹172 R1 (Immediate Resist) ₹167–₹168 Current Price ₹162–₹163 S1 (Immediate Support) ₹158–₹159 S2 (Mid Support) ₹155–₹156 S3 (Strong Support) ₹150–₹152
NSE:UNIONBANKLong
by Knowledgehub
Union Bank (D): Cautiously Bullish - Breakout with RejectionTimeframe: Daily | Scale: Linear The stock has attempted a breakout from a massive 15-year structural resistance, driven by index inclusion news. However, the daily price action signals strong profit-taking at higher levels, making the breakout fragile. 🚀 1. The Fundamental Catalyst (The "Why") The massive 41.38 Million volume is a direct reaction to a major announcement: - Bank Nifty Inclusion: It was announced that Union Bank will be added to the prestigious Nifty Bank Index starting Dec 31, 2025. - Impact: This news forces passive funds (ETFs) to buy the stock, creating the volume spike. However, the "Shooting Star" suggests that active traders used this liquidity to book profits. 📈 2. The Long-Term Structure (The "Lid") - The Cycle: . - Peak: ATH in Oct 2010 . - Bear Market: A decade-long spiral ending in May 2020 . - Recovery: Since 2020, the stock has formed a "Higher Lows" structure, steadily attacking the resistance. - The Resistance: The ₹154 – ₹155 zone is a "historic" resistance. It was a key level in Aug 2007 . Breaking a 15-year-old level is significant, but it requires a strong close to be valid. 🕯️3. The "Shooting Star" Warning (Today's Action) > The Pattern: Today’s candle is a textbook Shooting Star . - The Trap: The stock rallied to a high of ~₹160* , luring in breakout buyers. - The Rejection: It was slammed back down to close near ₹155 , leaving a long upper wick. > Interpretation: This signals that despite the good news (Index inclusion), massive supply (sellers) is still present above ₹155. The bulls failed to hold the high ground. 📊 4. Indicators - EMA & RSI: The indicators (EMA PCO, Rising RSI) are bullish across Monthly, Weekly, and Daily timeframes. This supports the broader uptrend, but the daily candle overrides these in the short term. 🎯 5. Future Scenarios & Key Levels The "Shooting Star" at a 15-year resistance is a classic "Bull Trap" warning. - 🐂 Bullish Confirmation (The "Safe" Entry): - Trigger: Ignore the current close. Wait for a Daily Close above the Shooting Star High (₹160) . - Target: ₹220 . Once ₹160 is cleared, the 15-year supply is absorbed, and the path is open. - 🐻 Bearish Rejection (The "Fakeout"): - Trigger: If the stock slips back below ₹154 tomorrow. - Consequence: This confirms today was a "fakeout." The price will likely drift down to the moving averages. - Support: ₹125 is the deep support, but the 20-day EMA (~₹145) will likely be the first test. Conclusion While the trend is up, do not chase this breakout yet. The Shooting Star suggests the market is using the "Index Inclusion" news to sell. Wait for a close above ₹160 to confirm the bulls have won.
NSE:UNIONBANK
by Learn_with_Pth0mas
BULLISH MARUBOZU FORMATION - UNION BANK OF INDIA STRONG BULLISH CANDLE HAS BEEN FORMED AT A KEY SUPPORT ZONE AREA. The up move may continue with a slight doji-like candle. 134.50-131.50 is a strong support zone (highlighted area); any dip to that area is a buy opportunity ONLY if the market sentiments are positive. You can buy at CMP or wait for it to test the highlighted zone, but as past data shows, the price has never retested when it bounced upwards. LEVELS -Buy at CMP or at 137.25 Do your analysis too before buying. Any further fall is just a good opportunity to add more quantity. -We are aiming for targets of 150, 158, and 170; short to semi-long term respectively. -If it keeps falling after you buy it and you can't bear the loss, consider booking it at 125. Happy Trading :)
NSE:UNIONBANKLong
by rohix
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 159. 🚨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 #ichimoku
NSE:UNIONBANKLong
by nikunjbhadja
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 - 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
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
UNION BANK Long positionif you want you add this union bank share for outshine your portfolio, this share came to demand zone as you seen in chart also that , that distline i mentioned above, union bank seems to be good zone if he doesnt breake distil line, this share can give a handsome return, in my terms short term target means almost 3 to 4 pecent in share swing in cash.... Previously i publish idea on trading view and almost all are doing good, as you can also i previously publish idea about the kalyan jwellers and i also metioned that i also taken position in it and hence after 1 day kalyan jwellers is blasted with amost close to 7 percnet. please comment if you earn profit from this share. This share is for short term and long term for both Short term:-3 weeks holding time in cash only, swing , target for union bank 5 percent , stop loss is close to 112 Long term:-1.5 years to 3 years , FOR LONG TERM TARGET IS 300-400, i knew this is insane but yeah its true , come after 3 years and see this publish idea , ha ha ha ha ha ha For long term there is no stop loss , but if you want to add than keep stop loss of close and approx to 100 , by the way if you dont add stop loss for long term than there is no problem. Hold hassle free. You can also check my previous publish idea and analyze yourself that how accuracy i met in my trading view publish trading idea. Thanks for reading my all long message because i believe that if you take trade than you has a all knowlede about their purchase share. If you THINK THAT I AM DOING GOOD WORK THAN FOLLOW ME , IF YOU DONT MIND,,, it gives me motivation to publish great stock chart from you earn a handsome return , and increase lifestyle of yours,,, if you earn good earn good profit than please comment down below i will be happy and if loss occurs than also please comment for the same as well, DISCLAIMER:-I am not responsible for any loss or profit occurs in my all published idea. only you solely responsible for your losses, my job is to share my idea with you hence , final decision is only and only taken by you only, and also i am not SEBI registered....... THANKS KEEP IN TOUCH SEE YOU ALL RIGHT
BSE:UNIONBANKLong
by Parthupadhyay67
#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
Union Bank Of India Looks Good in short term!Technical analysis pattern known as a "Bottom Triangle" has been formed within calculated geometrical angles. This pattern typically indicates a potential bullish reversal in the market after a period of consolidation or uncertainty. Here's a breakdown of the key characteristics: Converging trendlines: The Bottom Triangle pattern consists of two trendlines, one connecting lower highs and the other connecting higher lows. These trendlines converge, forming a triangle shape on the price chart. Decreasing volume: During the formation of the Bottom Triangle, trading volume tends to diminish. This decline in volume reflects the indecision and lack of market conviction during the consolidation phase. Narrowing price range: As the price swings back and forth between the converging trendlines, the range between the highs and lows gradually narrows. This tightening range signifies decreasing volatility and increased uncertainty about the future direction of the market. Breakout and volume confirmation: The key event in a Bottom Triangle pattern is the breakout above the upper trendline. This breakout is accompanied by a noticeable increase in trading volume, which confirms the validity of the pattern as a bullish reversal signal. The volume surge indicates renewed buying interest and suggests a shift in market sentiment from bearish to bullish. It's important to note that technical analysis patterns, including the Bottom Triangle, are not foolproof and should be used in conjunction with other indicators and analysis techniques. Additionally, market conditions and individual stock dynamics can vary, so it's essential to consider the broader context before making any investment decisions based on these patterns.
NSE:UNIONBANK
by hardeepssethi
3