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
UNIONBANK trade ideas
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.
UNION BANK OF INDIAHello & welcome to this analysis
Bank stock currently consolidating near a support in short term appears wobbly.
Below 125 it could slip down to 110-90 where it could once again see smart money buying it.
Resistance for now between 145-155, only above that in my opinion it would see any upside momentum
Overall medium to long term outlook appears very bullish, dips would be an opportunity to add.
Happy Investing
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 :)
Union Bank of India Analyasis on 29 Jun 24Union Bank of India analyasis on 29 jun 24
Stock PE 7.56 less than industry PE 9.46
to be formation of cup and handle formate
Add some quantity now
buy on dip till 110 to 120 (114 @ 200 Ema)
stoploss 90
Target 130 - 150 - 174 - 190 - 225 - 250 - 275 - 300
Cup and Handle target 325
UNION BANK MOVING IN A PARALLEL CHANNELUNION BANK is making a Rounding Cup formation in the Weekly and Monthly charts with a high of 253.
Its been moving in an ascending Parallel Channel from January 18. There is also a Horizontal Support zone between 137-140 and also the bottom trend line of the Channel is providing a support.
I do expect a reversal from here. Added some quantity yesterday and will look for a Short Term Target of 165 and a Long Term Target of 250.
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
Union Bank | Swing Stock | Best Opportunity in Banking sector
#UnionBank is approaching a critical breakout level, with technical indicators reflecting improving momentum. The bank's market capitalization is robust, signaling strong financial health. Additionally, the banking sector as a whole is poised for significant growth in the coming days. Investors should closely monitor UnionBank , as it presents a promising opportunity for potential gains. Keep it on your watchlist and track its performance regularly.
- good market cap
- pe is lower
- sector is preforming well
- good for long term as well short term.
Do you own analysis and trad with your own risk management. its not personal recommendation.
please Like| share | comment your views
Best of luck
Regards,
$NSE:UNIONBANK NOT TO BE MISSEDThe stock has broken out of multiple weekly highs and after giving a good weekly close the stock is now retracing back before another big move. One can look to go long on CMP or any dip till the levels of 95 with a stop loss of 85 on a weekly closing basis below which the breakout will fail. One can expect targets of 115-130-150 in the coming weeks.
NOTE: NOT SEBI REGISTERED. THIS IS NOT AN INVESTMENT STRATEGY AND ONE SHOULD DO RESEARCH OR CONSULT WITH THEIR FINANCIAL ADVISOR BEFORE TAKING ANY INVESTMENT DECISIONS.THIS IS ONLY FOR EDUCATIONAL AND LEARNING PURPOSES.
UNION BANK READY TO FLY AND BECOME 3XThe stock has been forming a rounding bottom pattern and this similar pattern was witnessed in BSE as well which turned out to be pretty rewarding . the fundamentals of the stock are pretty progressive and growing , both the technicals and the fundamentals are supporting each other.
UNIONBANK - Ichimoku Breakout📈 Stock Name - Union Bank Of India
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 159.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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Union Bank - Bullish Surge ExpectedUnion Bank of India has formed Inverted Head & Shoulders Pattern on monthly timeframe.
This bullish technical formation often signifies a potential trend reversal, hinting at a shift from a downward trajectory to an upward one.
Adding to this positive outlook, the Relative Strength Index (RSI) has climbed above 60, indicating a growing strength in the stock's momentum. As RSI measures the speed and change of price movements, this rise could be indicative of increasing buying interest and a potential uptrend in the making.
These combined signals from both the inverted head and shoulders pattern and the RSI suggest that the stock might be on the cusp of a significant upward move.
Traders and investors are keenly watching this setup as they anticipate a potential bull run in the coming months.
Support - 75
Resistance - 180/240
UNIONBANK - Buy opportunity in sightNSE:UNIONBANK
Union Bank of India is engaged in providing banking and financial services. The Bank offers products and services in three categories: Deposits, Loans and Advances, and Remittances and Collections.
TTM EPS: 7.28
TTM PE: 5.65
Sector PE: 20.33
Book Value Per Share: 89.52
P/B: 0.46
Face Value: 10
Mkt Cap (Rs. Cr.): 28,090
Some Positives:
Company with high TTM EPS Growth
Strong Annual EPS Growth
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 Quarterly Net Profit with increasing Profit Margin (YoY)
Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years
Company with Zero Promoter Pledge
FII / FPI or Institutions increasing their shareholding
Current price is less than the intrinsic value
Over the last 5 years, revenue has grown at a yearly rate of 18.08%, vs industry avg of 7.63%
Over the last 5 years, market share increased from 5.49% to 8.72%
Some Positives:
Red Flag: High Interest Payments Compared to Earnings
Decline in Net Profit with falling Profit Margin (QoQ)
Declining Net Cash Flow : Companies not able to generate net cash
My Opinion: My opinion is clearly visible on chart. But I would recommend you to read about decreasing trend of NPA and the setup of 'bad bank' by GoI. It is a real positive for all PSU banks in future.
NOT A RECOMMENDATION. JUST FOR EDUCATION. Thanks.