UNIONBANK trade ideas
Breakout in Union Bank of India...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
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.
UNION BANK PRICE ACTION AND THE TARGETSUnion bank has come out of the trading zone and looking bullish. The volumes are supporting the breakout.
Consider buying on a pullback or buy and trail continuously. If the trade the trade goes wrong exit cost.
Should easily reach target 1 as mentioned on the chart as other the targets. These targets are set by XABCD bat and crab patterns.
Happy trading :)
This is just for educational purposes.
Union Bank Of India Cmp 45 dated 17.10.2021Union Bank Of India Cmp 45 dated 17.10.2021
1. Rectangle Consolidation BO @ 44
2. Ascending Triangle BO @ 44
3. Volume Rising.
Buy for a tgt of 65-85 SL 32
It is just a view, pls trade at your own risk.
Union bank - Good time to buy Union bank stock taken support lower yearly and weekly levels , now ready to give a good movement upside. 1st safe target will be near by 47.
Union BK of IndiaThe stock has possibly good upside remaining
triangle breakout --> with CNXPSU bank breakout
UNIONBANK CMP - 44.4 TARGET - 200, 280, 490 SL - 31 MCB UNIONBANK
CMP - 44.4
TARGET - 200, 280, 490
SL - 31 MCB
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Union Bank of India: Cup & Handle BreakoutThis is my view on UNIONBK;
CMP 44.4 | T1: 60 (~36%) | T2: 70 (~57%) | T3: 86 (~93%)
The rationale for the going long:
- Substantial increase in the volume compared to past 5years.
- Increase in price with volume expansion
- RSI Bullish Divergence
- RSI breakout above RSI 60 level
- Cup & Handle Pattern formation
- Highest revenue and net profits in FY 2021 & TTM QE June 2021 (in past 10years).
The stock may retest the breakout level, that could be a perfect entry point for conservative trades.
Readers, please note this is meant for educational purposes only.
BREAKOUT IN UNION BANK -- POSITIONAL TRADERefer the chart for entry, sl and target. Chart is self explanatory. Trade with proper risk management. Thanks. Cheers.
Triangle Breakout in UnionbankNSE:UNIONBANK has just closed above the Triangle Pattern and is poised for a good movement upside. Put this stock in your watchlist for a 10% upside
Watch for Trendline Breakout | UNION BANK OF INDIA Buy above 38.75 on closing basis.
- Watch for Trendline + Resistance Breakout
UNIONBANKUNIONBANK CMP 37.5 SL 35 CB TGT 42-50
Breakout candidate took support near previous swing lows. LOW RISK-HIGH REWARD
Swing Opportunity in Union BankGo Long above 36.45 for Targets of 38.6, 40.75, and 42.9 with SL 34.3
Reasons to go Long :
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. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.5 Fibonacci level.
3. Also there is a strong support zone (marked with purple color), from which the stock is taking support and moving up.
4. In addition to this the stock has given Trendline breakout.
UNIONBANKwith increased volume ....... ............. ............... ............ ............. .............. ...........
Union Bank Share Trend Analysis by THE DECISIVEUnion Bank is listed as Public Sector Bank & having Market Cap of Rs. 24000 Cr. Union Bank is also engaged in Mutual Fund & Wealth Management business.
When you are having 3 reason to Buy a stock what you will do? Obviously you will Buy....We are having 3 reasons for Union bank:
1. Head & Shoulder Pattern: It is making a head & shoulder pattern & now taking reversal from neckline
2. EMA Support: Taking strong support of 200 EMA
3. Risk Reward: CMP is 35.35 & having a good risk reward ratio of 1:4
Follow THE DECISIVE because WE HELP YOU TO DECIDE!
We will be happy to know if you would like to learn more on Fundamental & Technical analysis.
This was just for educational purpose only & not recommending to BUY/SELL of any Script.
union bank might try to break out of the channelit has been moving within in a channel for last 3-4 months.. now trying to break .. RSI looks good. Keep a watch
Swing Opportunity in Union BankGo Long above 35.1 for Targets of 36.05 and 37 with SL 34.15
Reasons to go Long :
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. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.5 Fibonacci level.
3. A bullish candlestick pattern (Bullish Hammer) and (Bullish Harami) marked with the orange color is formed around 0.5 Fibonacci level.
4. Also there is a support zone (marked with purple color), from which the stock is taking support and moving up.
5. The stock can go up to the trendline where it may face resistance.
I will build long position based on the analysis.I will build long position based on the analysis. its at the support and its possible that it may move upside, will build long only when it goes up a little and come back till my entry point which is the divider of red and green section.
Union Bank- BullishUnion bank on weekly timeframe preparing two cup with handle patterns, if hold true can move up in very short term.
Breakout in Union BankUnion Bank is consolidating in a narrow range and ready for a breakout
CMP :37.5
Stoploss : 35
Target 1 : 42
Target 2 : 44
UNIONBANK - Price and Trend SetupUnion bank stats are getting better. Stock is fundamentally good and undervalued.
