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UNION BANK OF INDIA

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UNIONBANK trade ideas

Bullish Opportunity in Union Bank the Pullback Trade SetupIntroduction: Union Bank is showing promising signs of a potential trade opportunity as it hovers near a crucial support level. This analysis outlines a pullback trade setup based on key technical indicators, such as recent price action, volume trends, and resistance levels. Technical Analysis: 1. Near Support Level: Union Bank is currently trading near a strong support level, indicating a potential bounce from this point. 2. Previous Resistance Zone: The stock recently breached the previous resistance zone at 95.00, suggesting bullish momentum. 3. Increasing Volume: The increase in trading volume confirms growing interest in Union Bank, strengthening the bullish case. Trade Details: • Entry Level: Consider entering the trade at 88.00, which is a reasonable point near the support level. • Stop Loss: Place a stop loss at 80.00 to protect your capital in case the trade goes against you. • Target Price: Set a target price at 120.00, aiming for a significant upside potential. Risk to Reward Ratio: • Risk: The risk in this trade is 8.00 points (Entry - Stop Loss). • Reward: The potential reward is 32.00 points (Target - Entry). • Risk to Reward Ratio: This trade offers a favorable risk to reward ratio of 1:4, indicating a potentially lucrative opportunity. Footnote: • Risk Warning: Trading involves substantial risk and may not be suitable for all investors. Make sure to do your own research and consider your risk tolerance before entering any trade. • Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Always consult with a qualified financial advisor before making any investment decisions. • Note: The mentioned price levels are approximate, and it's essential to monitor the stock's behavior closely to execute the trade effectively.
NSE:UNIONBANKLong
by We_Learn_Investing
Bullish Opportunity in Union Bank the Pullback Trade SetupIntroduction: Union Bank is showing promising signs of a potential trade opportunity as it hovers near a crucial support level. This analysis outlines a pullback trade setup based on key technical indicators, such as recent price action, volume trends, and resistance levels. Technical Analysis: 1. Near Support Level: Union Bank is currently trading near a strong support level, indicating a potential bounce from this point. 2. Previous Resistance Zone: The stock recently breached the previous resistance zone at 95.00, suggesting bullish momentum. 3. Increasing Volume: The increase in trading volume confirms growing interest in Union Bank, strengthening the bullish case. Trade Details: Entry Level: Consider entering the trade at 88.00, which is a reasonable point near the support level. Stop Loss: Place a stop loss at 80.00 to protect your capital in case the trade goes against you. Target Price: Set a target price at 120.00, aiming for a significant upside potential. Risk to Reward Ratio: Risk: The risk in this trade is 8.00 points (Entry - Stop Loss). Reward: The potential reward is 32.00 points (Target - Entry). Risk to Reward Ratio: This trade offers a favorable risk to reward ratio of 1:4, indicating a potentially lucrative opportunity. Footnote: Risk Warning: Trading involves substantial risk and may not be suitable for all investors. Make sure to do your own research and consider your risk tolerance before entering any trade. Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Always consult with a qualified financial advisor before making any investment decisions. Note: The mentioned price levels are approximate, and it's essential to monitor the stock's behavior closely to execute the trade effectively.
NSE:UNIONBANKLong
by We_Learn_Investing
Union Bank - Bullish Signal with Inverted Head and Shoulders PatStock 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 potential upward move after a downtrend or consolidation. 2 - Continuation Pattern: The inverted head and shoulders pattern is occurring within the context of a primary uptrend, indicating that this pattern might act as a continuation pattern, further supporting the bullish view. 3 - Weekly Consolidation: The stock is currently consolidating on the weekly time frame after a previous upward movement. This consolidation phase could be a sign of temporary price stability before another potential leg up. 4 - Market Context: CNXPSUBANK is undergoing a multi-year consolidation, which, when broken, could have a positive impact on Union Bank's performance, potentially fueling a significant rally. Trade Plan: Based on the analysis, here is a potential trade plan: Entry : Consider entering a long position if Union Bank's price breaks above the horizontal resistance level ranging from 92.3 to 93. Stop Loss (SL) : Place a stop loss order just below the recent swing low at 89. This offers a risk management strategy to limit potential losses. SL Percentage : The stop loss represents a 3.5% decline from the entry point, providing a buffer against potential market volatility. Position Sizing : For risk management, allocate a position size that corresponds to a 1% risk of your total capital. This could amount to approximately 28% of your total capital. Max Position Size : However, it's advisable to cap the maximum position size at 25% of your total capital. This adjustment not only aligns with prudent risk management practices but also helps reduce the overall risk exposure. Disclaimer : Trading and investing in the stock market carry inherent risks. This analysis is for informational purposes only and should not be considered financial advice. Prior to making any trading or investment decisions, it is recommended to conduct thorough research and consult with a certified financial advisor. Please note that the stock market's unpredictability and past performance not indicating future results emphasize its inherent uncertainty. Trading entails substantial risk, including potential capital loss. This analysis focuses exclusively on technical factors and does not account for fundamental or external market influences. Prior to making any trading decisions, conducting thorough research and seeking advice from qualified financial professionals is advised. Remember, your decisions solely bear consequences, and you are fully accountable for your trading outcomes. Approach decisions with caution and thorough consideration. This analysis and disclaimer are furnished solely for educational and informational purposes. It must not be construed as financial advice. Trading encompasses risks, and it is imperative to comprehensively comprehend these risks before making any trading determinations. #StockAnalysis #TechnicalAnalysis #TradingIdeas #BullishSignal #InvertedHeadAndShoulders #MarketAnalysis #FinancialMarkets #TradingOpportunity #InvestmentStrategy #RiskManagement #TradingViewAnalysis
NSE:UNIONBANKLong
by Triyambak_CA
Bullish Rounding Bottom on Union BankA bullish Rounding Bottom Breakout pattern activated on the 4 Hour chart of Union Bank. One can create a fresh position in Union Bank at 79 with a stop loss of Rs. 74 for a target of Rs. 89. Exit the position if the stop loss triggered on DCB. DO YOU WANT ALL MY RESEARCH FOR FREE THEN DON'T FORGET TO FOLLOW ME. I AM EAGERLY WAITING FOR YOU COMMENTS ON THE STUDY... Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
BSE:UNIONBANKLong
by raigvivek
2
'Bullish' on Union Bank for Short TermThe 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 75.51. Price crossed 21 EMA of 70.54 on 03/03/23 with above average volumes. Delivery volumes were more than 2x higher than weekly average Del. volume and nearly 4x the monthly average del. volumes.This suggests that the price action is bullish for the short term. In its forward journey the price might take resistance near its 50 EMA of 75.51. A cross above 50 EMA will signal going long for medium term. Target 1 : 77 Target 2 : 84 Target 3 : 89
NSE:UNIONBANKLong
by finvestar
7