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.
Breakout soon Tgt mentioned in chart Inverse head and shoulder Sl 80 Buy above 97
Union bank with strong numbers could give good return of 70% within 6 months
#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.
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...
Breakout in union bank of india around 78 Pattern formed Inverse head and shoulder tgt 130 SL below 60
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! 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.
In 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.
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 Chart Analysis on Price Action
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...
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 back-oversold and got bounced from the support zone... After profit booking, the price may rally till certain levels.
Union Bank Breakout the triangle pattern & hits the target . Next Targets are marked already in the chart
Union 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
Unionbank 200 sma crossover aft 4 years weekly chart
stock is in a expanding diagonal......target can be 67