Union Bank of India - Inverse Head & Shoulders Breakout!Union Bank of India (NSE: UNIONBANK)—Inverse Head & Shoulders Breakout! 🚀
📈 Chart Overview:
The stock has formed a multiple inverse head & shoulders pattern, indicating a strong bullish reversal.
A downtrend resistance has been breached, confirming bullish momentum.
🔍 Key Levels:
Resistance Leve
Next report date
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Report period
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EPS estimate
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Revenue estimate
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21.50 INR
137.97 B INR
1.18 T INR
1.93 B
About UNION BANK OF INDIA
Sector
Industry
CEO
Arumugam Manimekhalai
Website
Headquarters
Mumbai
Founded
1919
ISIN
INE692A01016
FIGI
BBG000BR5VJ3
Union Bank of India engages in the provision of commercial banking services. It also offers personal and corporate loans. The firm operates through the following segments: Treasury Operations, Corporate and Wholesale Banking, Retail Banking Operations and Other Banking Operations. The company was founded on November 11, 1919 and is headquartered in Mumbai, India.
Union Bank of India - Wyckoff Method AnalysisWyckoff Method Levels
Rejection area / BOS 2 (134.65 to 137.46)
Automatic Rally / Support / Resistance
BOS 1 – Breakout of structure
Last point of support: 119.66
Primary Support: 116.30
Selling Climax: 106.68
Secondary Test: 100.81
1. Bullish Scenario:
The price has likely completed t
Union Bank - Long1. Higher Lows & Higher Highs price structure
2. The 200-period moving average (blue line) is sloping upwards, acting as strong long-term support.
3. The recent bullish candles have increasing volume, which signals buying interest.
What to Watch for Confirmation:
Sustained Close Above ₹130-135: If
UNIION BANK: Evergreen Fibonacci Retracement Setup1. 50-61.8% pullback setup in Fibonacci is timeless and rarely fails to impress.
2. RRR is favourable.
2. Trade can be planned accordingly managing the risk.
⚠️ Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. Please, do your due
Union Bank Date 20.02.2025
Union Bank (Weekly)
Cmp 117.24
Technical Remarks :
1 Buy on breakout of handle + 23.6% of Fibonacci
2 100 is decent stoploss for swing traders & investors after breakout entry
3 Keep booking partial profits after every 3% rally from breakout
4 Wait for stock to close above handl
Option Chain part 2 An option chain lists all option contracts, including put and call option for given security. However, several traders focus on net change,' 'bid,' 'last price,' and 'ask,' columns to assess current market conditions. Option chain is also called the option matrix.
How does an option chain work? An
UNIONBANK Trading Within Demand ZoneUNIONBANK is currently trading at ₹105.16, within the demand zone of ₹105.4 to ₹104.2, formed on 13th November 2023. This zone may act as a support level, and investors could monitor price behavior in this range for potential opportunities.
Disclaimer: This analysis is for informational purposes on
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, Unio
Union Bank of India Triangle BreakoutThe stock is breaking out of a descending triangle pattern and has successfully retested the breakout level. A bullish momentum is expected as the retest holds strong, supported by rising volume and favorable technical indicators.
Trade Setup:
Entry: ₹126.06 (current price near breakout zone)
UNION BANK OF INDIA: Breakout Near ResistanceThe stock has recently broken out of a descending resistance trendline, indicating bullish momentum. The price is currently testing the 200 EMA, which aligns with a key horizontal resistance zone at 128. A close above this level with good volume will confirm further upside potential.
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Summarizing what the indicators are suggesting.
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An aggregate view of professional's ratings.
Neutral
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Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
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Strong sellSellNeutralBuyStrong buy
Neutral
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Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current price of UNIONBANK is 126.55 INR — it has decreased by −0.55% in the past 24 hours. Watch UNION BANK OF INDIA stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on BSE exchange UNION BANK OF INDIA stocks are traded under the ticker UNIONBANK.
UNIONBANK stock has risen by 4.72% compared to the previous week, the month change is a 11.06% rise, over the last year UNION BANK OF INDIA has showed a −12.12% decrease.
We've gathered analysts' opinions on UNION BANK OF INDIA future price: according to them, UNIONBANK price has a max estimate of 160.00 INR and a min estimate of 120.00 INR. Watch UNIONBANK chart and read a more detailed UNION BANK OF INDIA stock forecast: see what analysts think of UNION BANK OF INDIA and suggest that you do with its stocks.
UNIONBANK reached its all-time high on Oct 27, 2010 with the price of 426.80 INR, and its all-time low was 22.60 INR and was reached on May 20, 2020. View more price dynamics on UNIONBANK chart.
See other stocks reaching their highest and lowest prices.
See other stocks reaching their highest and lowest prices.
UNIONBANK stock is 2.20% volatile and has beta coefficient of 1.35. Track UNION BANK OF INDIA stock price on the chart and check out the list of the most volatile stocks — is UNION BANK OF INDIA there?
Today UNION BANK OF INDIA has the market capitalization of 966.03 B, it has increased by 4.84% over the last week.
Yes, you can track UNION BANK OF INDIA financials in yearly and quarterly reports right on TradingView.
UNION BANK OF INDIA is going to release the next earnings report on May 9, 2025. Keep track of upcoming events with our Earnings Calendar.
UNIONBANK earnings for the last quarter are 6.00 INR per share, whereas the estimation was 4.70 INR resulting in a 27.66% surprise. The estimated earnings for the next quarter are 5.60 INR per share. See more details about UNION BANK OF INDIA earnings.
UNION BANK OF INDIA revenue for the last quarter amounts to 136.60 B INR, despite the estimated figure of 136.62 B INR. In the next quarter, revenue is expected to reach 142.33 B INR.
UNIONBANK net income for the last quarter is 46.23 B INR, while the quarter before that showed 47.51 B INR of net income which accounts for −2.69% change. Track more UNION BANK OF INDIA financial stats to get the full picture.
Yes, UNIONBANK dividends are paid annually. The last dividend per share was 3.60 INR. As of today, Dividend Yield (TTM)% is 2.84%. Tracking UNION BANK OF INDIA dividends might help you take more informed decisions.
UNION BANK OF INDIA dividend yield was 2.35% in 2023, and payout ratio reached 18.79%. The year before the numbers were 4.51% and 24.09% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
As of Apr 20, 2025, the company has 75.87 K employees. See our rating of the largest employees — is UNION BANK OF INDIA on this list?
Like other stocks, UNIONBANK shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade UNION BANK OF INDIA stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So UNION BANK OF INDIA technincal analysis shows the buy rating today, and its 1 week rating is strong buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating UNION BANK OF INDIA stock shows the buy signal. See more of UNION BANK OF INDIA technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.