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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 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.
NSE:UNIONBANKLong
by VishuRGowda
1
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
NSE:UNIONBANK
by MARKETSUPDATES
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
NSE:UNIONBANKLong
by madhu2811
9
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.
NSE:UNIONBANKLong
by DeepikaMehtaCFA
3
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.
NSE:UNIONBANKLong
by Chart_World
2