Union Bank Of India Analysis
If Price Closes above 55 on Daily timeframe, Good Opportunity to buy @ 55 and Targets on Upside are Target 1->84, Target 2->91
Time Period--> 3 Months
Unionbank bullish monthly upside
Can watch for near support of 36-38 for a positional tp of 59-60
Kindly support us by giving likes it motivates us to bring
profitable chart setup like this
Stock has given breakout in weekly time frame and ready to complete short term round bottom and if momentum continues then full round bottom also can be seen. Watch levels in chart.
Union Bank looks attractive
Fundamentals : Decent with a little high on debt, FII and DII holding increase, priced under valued
Technicals : Broken inclined trendline and at C&H pattern breakout
R 1: 62
R 2: 74
R 3: 92++
S : 42
Stock Name - Union Bank Of India
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 50.
#This is not Buy and Sell recommendation to any one. This is for education...
Union Bank. Revenue increase from 16k.cr to 69k.cr in last 10yrs, Net profit 2.2k.cr to 5.7k.cr ... Revenue & profit highest ever in last 10yr. Net NPA after merger of Andhra Bank & corporation Bank is around 3%. Stock is trading at 0.45 of book value. Bank divided yield around 5%...all things are good on paper. This is just like bottom fishing 🎣. It might take...
Trend line breakout bullish formation. sl and traget according to risk appetite
good buy if price retraced to and take support of 200dma
only for information and education purpose. please consult your adviser before investing.
#trading #long #midcap #india #chart #banking #chartpattern #priceaction #technical analysis
NSE:UNIONBANK
This is swing trade .
The stock has just taken great support from daily support zone .
Also there is trend line which stock is giving respected from April till now .
If it beraks out there will be a great move in union bank .
The first target will be of 40 and final target be 44 . which is 20% of trade and we should take stop loss of...
Enter in UNIONBANK between 36 and 33....wait for reversal with volume on lower TF........ No sl as it was for investment purpose....... Immediate target for swing traders will be around 49,60 and long term above 80 easily......levels are marked........ best buy if goes around 24
Union Bank of India is engaged in the Business of Banking Services, Government Business ,Merchant Banking, Agency Business Insurance, Mutual Funds, Wealth Management etc.
union bank will give a short term target !!!
1. trendline break
2. result coming
3. after two bank merger with union bank it will give good company profits...
