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UNION BANK OF INDIA

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UNIONBANK trade ideas

This concept involves observing a trend line on a weekly chart(1) 1st Weekly Close 2 Touch Trend Line Break: Idea: This concept involves observing a trend line on a weekly chart that has been touched by the price at least twice. The idea is to look for a breakout, specifically focusing on the weekly closing prices. Description: Identify a trend line on the weekly chart that has been touched by the price on at least two occasions. Monitor the weekly closing prices as the price approaches and interacts with this trend line. The confirmation of a breakout occurs when the weekly closing price crosses above or below the trend line. A close above the trend line may signal a bullish breakout, while a close below may indicate a bearish breakout. (2) Same in Daily Time Frame with Fractal Two Touch Trend Line Break: Idea: Similar to the weekly concept, this involves observing a trend line on a daily chart, and it introduces the concept of fractals, where patterns repeat at different scales. Description: Identify a trend line on the daily chart that has been touched at least twice. Use fractal analysis to ensure that the pattern is consistent and repeating at various scales on the daily timeframe. Monitor the daily closing prices as the price approaches and interacts with the trend line. A breakout is confirmed when the daily closing price crosses above or below the trend line. (3) Recent MSB (Trend Line Touch Pivot) Will Be Break: Idea: This concept involves recognizing a Major Swing Bottom (MSB) where the price touches a trend line that acts as a pivot point. The expectation is that this pivot point will be broken. Description: Identify a recent Major Swing Bottom (MSB) where the price has touched a trend line acting as a pivot. Anticipate a potential breakout beyond this pivot point based on technical analysis indicators or additional chart patterns. Confirmation occurs when the price convincingly breaks above the trend line, signaling a potential change in the trend direction. These ideas are rooted in technical analysis principles, and traders often use them as part of their strategy to make informed decisions in financial markets. Always consider using these concepts in conjunction with other analysis tools and risk management strategies.
NSE:UNIONBANK
by samirdani
UNIONBANK Bullish; above 113.5 on Wednesday 15 Nov. The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below... SWING Trading Strategy: Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%) INTRADAY Trading Strategy: 1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday. "High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also 2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage 3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again. Both Safe Traders/High Risk Traders book profits at this stage Stop Loss: @ "Open" price of the day OR "Breakoutprice" This do not constitute, financial, investment, trading, or other types of advice or recommendation.
NSE:UNIONBANKLong
by JJ_Breakouts
#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
UNIONBANK - 1M | Big Breakout!!UNIONBANK - 1M Analysis As price breaks a trendline which obeys past 10 years and formed a Inverted Head and Shoulder Pattern too. Here are my Entry and targets Entry above 104.40 (Monthly Candle Closing) Targets are 131.80, 169.90 and Long Term Target is 277.15 𝑭𝒐𝒍𝒍𝒐𝒘 𝒖𝒔 𝒇𝒐𝒓 𝒅𝒂𝒊𝒍𝒚 𝑪𝒉𝒂𝒓𝒕 𝑨𝒏𝒂𝒍𝒚𝒔𝒊𝒔. Also Click on boost to support us. 𝑻𝒉𝒂𝒏𝒌𝒚𝒐𝒖, 𝑯𝒂𝒑𝒑𝒚 𝑻𝒓𝒂𝒅𝒊𝒏𝒈😍
NSE:UNIONBANKLong
by Oneshot_Traders
Union Bank Of India The stock has recently experienced a significant breakout from its 10-year-old trendline and is currently in the process of testing a robust support/resistance area. Consider initiating a buy position if the stock closes above 103 on a daily basis, while also closely monitoring monthly closing prices for potential positional targets at 115, 125, and 135. It's worth noting that the breakout was accompanied by substantial trading volumes, adding to its significance.
NSE:UNIONBANK
by Anand_7