UNION BANK OF INDIA UPCOMING LEVELSHi,
Here I am sharing NSE:UNIONBANK upcoming support and resistance.
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
UNIONBANK trade ideas
UNIONBANK for a REVERSALAfter being in a downtrend for so long UnionBank looking good to give a reversal from there as the volumes are increasing as well. If price starts making higher highs and higher lows structure, we can watch it
Union Bank Of IndiaObservation: A trend line breakout has occurred, reminiscent of the Cup pattern observed in March 2018. Notably, there appears to be resistance around the 136 mark, with a longer-term target set at 196. Additionally, there has been a noticeable uptrend in trading volume.
However, it's crucial to exercise caution, as a reversal may occur if it breaches the 106 level. Please keep this in mind.
Please remember, this information is intended solely for educational purposes and should not be considered financial advice. Conduct thorough research (DYOR) before making any investment decisions.
Target 140 ( 1 to 5 months )Good Technical and fundamental So Target 140, Duration 1 to 5 months.
more then 2 break outs , expect another big breakout .
UNION BANKUnion Bank Looking good on charts at long time horizon
stay invested for long @300-350-400
Union Bank of India long bullish trends @marketsupdats The PSU public sector bank index the major stock union Bank of India the long times downtrend convert to obtained the breakout in long time downturn line so convert the stocks upside momentum look the scene for trading volume the trading volume are massive growth in a few months these types of growth clearly show the stocks are create a bottom and generate a positive trend the stock and the sector are future vary fast growth and highly momentum index for the future because the psu bank index show in the chart 11 year breakout the long time breakout and long time underperforming index this index are massively fund flow in FII and DII and are retail investors so the massively growth in this sector and this sector stocks are very very under valuations category so the Union Bank stocks are finding a category of multi bagger returns deliver in a future for stocks category the charts are clearly show the bottom formation and early 8 wave formations they have draw the horizontal line and the many types of targets target one is 198
target two is 276
target 3 is 440 and the
final target is 693
They can be achieved the holding of two to five years for achieve the all types of targets any types of downfall this is stocks for a buying opportunity because the index are massively growth sign and Indian economy are massively growth the public sector are massively growth the growth is Terry create for the PSU stocks the Times of investment in PSU stocks thank you
Union Bank of IndiaTARGET AND STOP LOSS IN CHART
Market Cap
₹ 61,752 Cr.
Current Price
₹ 90.4
Stock P/E
6.05
Book Value
₹ 115
Dividend Yield
3.32 %
ROCE
5.02 %
ROE
11.4 %
Face Value
₹ 10.0
Promoter holding
83.5 %
EPS last year
₹ 12.4
EPS latest quarter
₹ 4.79
Debt
₹ 11,63,059 Cr.
Pledged percentage
0.00 %
Net CF
₹ -71.0 Cr.
Price to Cash Flow
1,010
Free Cash Flow
₹ 37.3 Cr.
Debt to equity
14.8
OPM last year
55.4 %
OPM 5Year
50.1 %
Reserves
₹ 71,969 Cr.
Price to book value
0.78
Int Coverage
1.29
PEG Ratio
0.21
Uco bank buy ideaUco bank is breaking multi-year trendline and also formed inverse head and shoulder pattern on monthly chart. September month candle has given a breakout with strong volume..can expected a good move from here
UNIONBANKCMP-106
1.50 moving average upside & Retest
2. Golden closeover on Weekly time frame
3. Cup & handle pattern
4. Huge Volume increase
5. RSI 60+
These are swing idea's which you can add your watchlist and analysis for yourself.
Keep on radar.
Potential upside stock!
This content for only education purpose!
I am not SEBI Register.
Union Bank of India (Swing):Union Bank of India (Swing):
Stakes are high for a 75-100% up move via swing.
Keep adding in chunks at the current level and if possible on any dips.
Appropriate resistances are highlighted.
Time to attain the target can be over 6 months.
Note: Do your own due diligence before taking any action.
I would be posting updates for this chart in the comments sections as time progresses.
Queries are welcome.
Resistance Breakout (Weekly TF) - UNIONBANKPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 4% profit (In my observation, I found that most of the stocks reached 3% to 4% on weekly basis)
Please consider these ideas for educational purposes.
Consider the above lines as upcoming resistances, if drawn any.
union bankThe Indian Renewable Energy Development Agency (IREDA) has entered into a memorandum of understanding with the Union Bank of India .
Under the pact, IREDA and the respective banks will focus on co-lending and loan syndication for renewable energy projects including both established and emerging renewable energy technologies.
union bank inverted head and shoulder patternUNION bank one can find clear inverted head and shoulder pattern on weekly time frame...
trade accordingly
UNIONBANK MULTIYEAR BREAKOUT Unionbnk multiyear breakout if closing above 103 on weekly chart .Tgt should be 127 in near term and 160 in medium term
UNION BANK : Monthly Breakout with CUP PatternWe can see that from Last week Bank Nifty was down by 3.5% . All Private Banks were making lower lows on Daily charts But all PSU Banks Making Higher High on Daily, weekly as well as on Monthly basis. Last week we seen that PNB & Uco Bank Played well, given upside move by 4.52% where Uco Bank has given 6.56% Upside Move and Showing strength yet. All PSU Banks Showing Momentum Strength.Among them Unioin Bank has Fresh Breakout On Daily,weekly n Monthly Basis with High Volatility, and Strong Momentum. On Monthly and weekly Basis Stock Making CUP Pattern Formation.Duration of CUP Pattern was 2018 consolidation seen and current week n month seen breakout with high volume and volatility. With Support at 40level, Entry at 42-43 and upside move can see at 47,62,85 in coming days.
UNIONBANK Long Tern trend changingNSE:UNIONBANK BSE:UNIONBANK
Time Frame – Monthly
Observations : -
* Inverse Head & Shoulder pattern breakout with high volume seen on weekly chart
* Price trading above weekly & daily 200 SMA
* Price may try to touch the monthly 200 SMA and face some resistance near this level
* Long term trend is changing.
* Now monthly and quarterly closed above 110 may give confirmation of trend change from down to up.
* Price must sustain above 110 for next 3 months for good upside in long term
Resistance – 132 / 147 / 170 / 196 / 252 / 307 / 360 / 426.95
Support – 85 & 75-65 zone
DISCLAIMER : NCFM Certified Technical Analyst. I am not SEBI registered analyst. All posts are for educational purposes only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
Union bank is going upU can see stoploss and target
Sorry for can't touch with you
Because
Busy in work
Tjis is perfect for month
UNION BANK OF INDIA LONG SWING UNION BANK OF INDIA IS CURRENTLY TRADING AT 96.40 .
FOR NOW THE LONG SWING ENTRY EXPECTED .
AT 94.50 TO 100.00
AND THE TARGET FOR THIS SWING WILL BE
T1 : 126.45
T2 : 161.45 RESPECTIVELY .
Its just an idea for a trade,
Please do your own analysis .
drop a comment if you found this informative
LONG in union bank of indiaUNION BANK OF INDIA broke out of a long base with huge volumes. PSUBKs are the theme at the month, have patience for good returns. Tg 190, SL 86
Union Bank - perfect cup and handleReady for breakout NSE:UNIONBANK
Perfect cup and handle formation
Need to cross thoseDaily chart analysis, Stock is stuck in some resistance and supports.
Needs to cross those dark red trendines, once does. its all fireworks
Stock coming out of large base!!!!The entire PSU bank sector looks to be in good momentum and this stock is no different. It is coming out of large base and would be transforming into stage 2. The stock has also formed head and shoulders pattern.
