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UNION BANK OF INDIAUNION BANK OF INDIAUNION BANK OF INDIA

UNION BANK OF INDIA

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UNIONBANK trade ideas

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 handle on weekly basis Fundamental Remarks : Strengths 1 Company has a good Return on Equity (ROE) track record: 3 Years ROE 12.42%. 2 Good Capital Adequacy Ratio of 16.97%. 3The company has delivered good Profit growth of 67.47% over the past 3 years. Limitations 1 The bank has a very low ROA track record. Average ROA of 3 years is 0.72% 2 CASA Growth of -1.68% YoY, which is very low. 3 High Cost to income ratio of 46.42%. Regards, Ankur
NSE:UNIONBANKLong
by AnkurSingh
1
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 diligence before investing.⚠️ 💬 What are your thoughts on this share it in the comments below. ✌️ 🔥 Happy Trading!✅🚀
NSE:UNIONBANKLong
by SuperNova396
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 option chain displays available call and put options for a specific underlying asset, with their strike prices, premiums, and open interest. It provides a snapshot of market sentiment and potential price movements.
NSE:UNIONBANKEducation
by SkyTradingZone
3
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 only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
NSE:UNIONBANKLong
by rush12799
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, Union bank is following the market structure of LH & LL, and looking at the very recent move the trend has been shifted to bullish. We can see on the chart that the previous LH is getting liquidated & market has formed a ned HH, indicating a switch in Market structure. We will look for only Buy opportunity when the price comes down to the FVG & OB on the daily tf. Entry on FVG or OB will help us to follow the smart money inflow. This is for educational purposes only. Please have your own research before investing.
NSE:UNIONBANKLong
by Trade_lyst
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) Stop Loss: ₹117.50 (below key support level) Target: ₹159.88 (measured move based on triangle height projection) Technical Observations: 200 EMA Support: The price has reclaimed the 200 EMA, indicating strong bullish sentiment. RSI: The RSI is trending upwards near overbought territory but has room to rise further. Volume: Increasing volume confirms breakout strength. Strategy: Long Entry: Enter above ₹126.06 after a breakout confirmation. Risk-Reward: Favorable with a target near ₹159.88 offering significant upside potential. Position Management: Trail stop loss once the price reaches ₹140 to secure profits.
NSE:UNIONBANKLong
by kausar13n
High conviction stock - UNIONBANKCheck this stock which has made an all time low and high chances that it makes a "V" shaped recovery. > Taking support at last years support or breakout level > High chances that it reverses from this point. > Volume dried up badly in last few months / days. > Very high suspicion based analysis and not based on chart patterns / candle patterns deeply. DISCLAIMER : This is just for educational purpose. This type of analysis is equivalent to catching a falling knife. If you are a warrior, you throw all the knives back else you will be sorrow if it hits SL. Make sure to do your analysis well. This type of analysis only suits high risks investor and whose is willing to throw all the knives above irrespecitve of any sectoral rotation. BE VERY CAUTIOUS AS IT IS EXTREME BOTTOM FISHING. HOWEVER, THIS IS HOW MULTIBAGGERS ARE CAUGHT ! Entry range - 110 - 118 Date - 21.10.2014 TIGHT SL - 105 or a proper close below this level
NSE:UNIONBANKLong
by Yoyohoneysingh93
Union Bank Of India Date 11.09.2024 Union Bank Of India Timeframe : Weekly For Banking companies, The primary source of Income is interest earned on various loans given to individuals and corporates. Union Bank Of India has earned Rs 99,777.96 Cr. revenue in the latest financial year. Union Bank Of India has posted decent revenue growth of 13.21 % in last 3 Years. In terms of advances, Union Bank Of India reported 14.30 % YOY, rise . If you see 3 years advance growth, it stands at 13.79 %. Currently, Union Bank Of India has a CASA ratio of 33.58 %. It’s overall cost of liability stands at 5.06 %. Also, the total deposits from these accounts stood at Rs 12,21,528.37 Cr. Union Bank Of India has a average ROA track record. The ROA of Union Bank Of India is at 1.02 %. The Lender is efficiently managing it’s overall asset portfolio. The Gross NPA and Net NPA of Union Bank Of India stood at 4.76 % and 1.03 % respectively as on the latest financial year. One other important measure of banks’ financial health is provisioning coverage ratio. The YoY change in provision and contingencies is negative at -49.13 % which means it has decreased from the previous year. Non-Interest income or other incomes are very important for banks as it gives a regular source of income for bank with no additional risk. Other income of Union Bank Of India surged and is currently at Rs 16,080.19 Cr. Union Bank Of India has a Good Capital Adequacy Ratio of 16.97 . The best metric which provides insights about bank’s valuation is P/B ratio. Currently Union Bank Of India is trading at a P/B of 0.97 . The historical average PB was 0.60 Regards Ankur
NSE:UNIONBANK
by AnkurSingh
Union Bank of India- Weekly- Understanding RSIRelative Strength Index (RSI) is a momentum indicator. It shows overbought and oversold condition of a security or a index. Its interpretation is: 40 (oversold) and 60 (overbought) . In above weekly chart of Union Bank of India, you can see at encircled point it was in oversold zone in June 2022 and then it moved up. Presently, it is at 40 oversold zone and most likely it can take support from here. This is educational post and not any recommendation. It can be interpreted in different way also.
NSE:UNIONBANKLong
by PowerOfTA
1
BULLISH MARUBOZU FORMATION - UNION BANK OF INDIA STRONG BULLISH CANDLE HAS BEEN FORMED AT A KEY SUPPORT ZONE AREA. The up move may continue with a slight doji-like candle. 134.50-131.50 is a strong support zone (highlighted area); any dip to that area is a buy opportunity ONLY if the market sentiments are positive. You can buy at CMP or wait for it to test the highlighted zone, but as past data shows, the price has never retested when it bounced upwards. LEVELS -Buy at CMP or at 137.25 Do your analysis too before buying. Any further fall is just a good opportunity to add more quantity. -We are aiming for targets of 150, 158, and 170; short to semi-long term respectively. -If it keeps falling after you buy it and you can't bear the loss, consider booking it at 125. Happy Trading :)
NSE:UNIONBANKLong
by rohix
Union Bank Ready for Fly Short-Term Target: Several analysts have a consensus target price of around ₹165, indicating a potential upside of approximately 8% from the current price​ Mid-Term Projections: By the end of 2024, some projections suggest the price could reach up to ₹195, considering positive market trends​ Long-Term Projections: By the end of 2025, the share price might go up to ₹222. Further into 2026, the share price could reach around ₹255, assuming continued favorable market conditions​
NSE:UNIONBANKLong
by Rajesh_Savaliya