Union Bank Trend AnalysisUnion Bank was able to close above its 200EMA support & also Pivot level of today. Seems on a Bullish mode with expectation of 1-2% target in short term.
UNIONBANK trade ideas
Buy Union Bank @ 36.20Signal Specification
Pair: Union Bank
Entry Type: Buy
Entry: 38.9
P.Entry: 36.20
Tp: 47.15
Sl: 32.65
R/R: 3.41
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Note:
Trade signals would usually have a risk to reward ratio of 1:2.
It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit.
This allows you to be good in overall pips profit.
Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours.
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Forex Tamil
Best time for buying When breakout sustained our target will be touch soon ..keep on eye .target level 40 to 41 ..
Swing Trade in Union BankGo Long above 35.85 for Target 38.1, 40, 42, 44 with SL 33.6
Reasons :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level.
2. Also a bullish candlestick pattern, Bullish Engulfing (marked with an orange circle) is formed at 0.5 Fibonacci level.
3. Also there is a demand/ supply zone (marked with a blue rectangle ) around 0.5 Fibonacci level from which initially the stock was facing resistance in this zone and now this zone will act as support to the stock.
#UNIONBANK BANKNIFTY #NIFTY #PSUBANK #STOCK #INVEST #TRADE #PSU #UNIONBANK
CMP: 34
Target 60++
NSE:UNIONBANK
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Might blast to more than 60++
Super Bullish on this stock.
From Rachit Sethia with 💚
UNIONBANK Share about to blastTechnicals:-
Very bullish on the stock as it was consolidating from a very long time.
and has given break-out with huge volumes
We could easily expect target of 62 or more.
Fundamentals:-
Rising Net Cash Flow and Cash from Operating activity 375.3% returns for Nifty 500 over 5.9 years
Good quarterly growth in the recent results 254.3% returns for Nifty 500 over 4.5 years
Effectively using its capital to generate profit - RoCE improving in last 2 years -16.8% returns for Nifty 500 over 1.9 years
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 Net Profit with increasing Profit Margin (QoQ)
Increasing profits every quarter for the past 3 quarters
Company with Zero Promoter Pledge
Union bank Descending triangle Buy or Sell if breaks any side (take positional order)
Upside target 45 rs.
Downside targe 34 rs.
for more calls wts app me 9313436929
UNION BANK OF INDIA BEARISH EXTENDED BUTTERFLY UNION BANK OF INDIA
# EXTENDED BUTTERFLY # AB=CD
SHORT RANGE PRZ : 39.50 - 40.30
Two Sided Pathway !!All the relevant info is marked on the chart !
Educational Purpose only. Trade at your own risk !!
Union Bank of India !!!!Buy UNIONBANK around CMP for the Targets of Rs. 37 and 40...
Stoploss Rs. 31....
Comment your Views...
Inverted head & shoulder with flag & pole formation, Union BankClear Head & shoulder with flag & pole formation, strong conviction for the target on upside, breakout has occurred today.
Union Bank -34.8Union Bank- CMP 34.8. For past 6 days it is making higher highs and higher lows with consistent increased volumes. It can go up to 36.25, 39.5, 42 and 44 in medium term with a sl of 31.
UNION BANK OF INDIA || About to break its high resistance zone !A high resistance level is seen to be broken at 36.70,after a rally formed..Uptrend may continue.Target of 53-55 may be achieved in a few weeks .ADX also indicates less volatility!!
PIVOT POINTS-3rd resistance of this month crossed.
Union Bank of India - Potential Double Bottom Break-out (W)Go long in the 29.55 - 31.95 Zone; STOP below 23.810; Tg . 66, 85, 100.
