UNIONBANK trade ideas
UnionBank looking good on weekly#UnionBankOfIndia ,#StockMarket
Representing a text book style cup-handle pattern on weekly , with a huge base of 5 years. Breaking up 100 and sustaining can be a big reward. Trade with proper SL . Current price 88. Position can be build with SL 80.
union bank of india Lender's net profit more than doubles year-on-year in June quarter to 32.36 bln rupees
** Interest earned rises 29% to 234.78 bln rupees, while provisions fall 39% to 20.05 bln rupees
** Asset quality improves sequentially with gross non-performing assets (NPA) at 7.34% compared with 7.53% in the previous quarter
** Q1 performance robust, driven by higher treasury gains and lower provisions
UNION BANK Breakout in union bank of india around 78
Pattern formed Inverse head and shoulder
tgt 130
SL below 60
78.80 Coming This stock is in trapped liq and we just took internal sellside liq in discount so now the next target is upside Liq and there is a dividend event in July which will come volatility
Strength Gaining Stock! #UNIONBANKStrength Gaining Stock!
Union Bank of India #UNIONBANK
1- Cup & Handle Formation
2- MACD Positive Crossover
3- Moving up with High Weekly Volume
Note: Technical Analysis is for Educational Purpose. I am not SEBI registered. Consult your financial advisor for any Investment Advice.
UNIONBANK - Weekly AnalysisIn the Weekly Chart of UNIONBANK ,
we can see that; it is forming a Cup & Handle inside a Big Cup & Handle.
if Entering then Hold for bigger targets and longer period of time.
UNION BANK Make bullish Flag pattern in 4 hour time fram , MACD and histogram saw fair value , 50 EMA and 100 EMA also saw bullish way , so first Target will be 87.10 and and stop loss will be 63.55
This is for educational purpose not a trading advice so that's my view comment down your view 🤗
UNION BANK OF INDIA : CUP Pattern..!5 Steps Analysis of UNION BANK OF INDIA
1. Stock on Daily TF we can see that from Jan.2023 Stock was going downtrend till mid of the march.
2. From 29th March we have seen that Breakout with high volume made and trend was changed.
3.From Starting of the April to till date we can see that stock is making higher high formation.
4.Stock has made CUP Pattern formation from Jan.2023 which is still sustain with strong momentum.
5. If Stock has sustain 75 level and give follow up closing above this level then in coming days we can see upside move at 83 to 86 levels with support of 75.
Union Bank of India (Swing):Union Bank of India (Swing):
A 20-30% up move is possible on the cards.
Note: Do your own due diligence before taking any action.
Union Bank looking interestingUnion back-oversold and got bounced from the support zone... After profit booking, the price may rally till certain levels.
Union Bank of India Looks Bullish Union Bank Breakout the triangle pattern & hits the target .
Next Targets are marked already in the chart
UNION BANK 12 JANUARYUnion Bank of India stock shows a flag pattern today( 11 January 2023), so tomorrow it can move in both directions, depends on the direction, trades can take trade and make money.
If, it breaks resistance than,
Buy = 78.95, Target 1 = 79.70, Stop LOSS = 78.55
If, it breaks support than,
Sell = 78.10, Target 1 = 77.85, Target 2 = 77.35, Stop LOSS = 78.55
UNION BANKall PSU Bank are declared profit.
Also NPA has reduced drastically . Showing round bottom pattern.
expected to touch upper trend line
UNIONBANK BUY @38.65entry 38.65
qty 320
sl 37.90
nice breakout on all time frames
took half position
Union Bank 15 minutes chartUnion bank is making ABCD harmonic pattern in 15 minutes chart.
If open without gap up or gap down and sustain above PRZ(Potential reversal zone).
We can consider it for long position.
This is for education purpose only.
UNIONBANK taking support of EMA 200Target can be 56 to 61 before end of the May.
As limit bounded price oscillation has given confirmation from EMA 200 support and bottom trending line.
Almost 30% return expected in next 1 month as per the technical analysis chart attached here with.
Feel free to share your thoughts.
Union Bank Technical ViewUnion Bank important 42 Support Broken
so this company may come around 34 and 30
Union Bank BreakoutThe stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 3:1
SL is placed below support zone & the lower trendline. The target is placed near resistance.
union bank--buyfirst target of 58-59 where trend line resistance exists once crosses then target of 3rd wave marked for you in chart
