UCOBANK - IntraDay Trade Analysis with Live Signals

Last Updated Time : 19 Sept 25, 2:16 pm

IntraDay Trade Rating: 3.8

UCO Bank shows a moderately bullish setup for intraday trading today, backed by strong volume, favorable price action, and decent momentum indicators. Here's a detailed breakdown

📊 Intraday Trade Analysis

✅ Bullish Signals

Volume Surge: Current volume of 1.13 crore is ~17% higher than the 1-week average, indicating strong intraday interest.

RSI at 63.7: Bullish momentum, nearing overbought but still tradable.

MACD Positive (0.17): Suggests upward bias and trend continuation.

Price Above 50-DMA (₹29.7): Indicates short-term strength.

PEG Ratio (0.40): Attractive valuation relative to growth.

P/E (15.2) vs Industry PE (7.91): Reasonable for a PSU bank.

⚠️ Cautionary Factors

Price Below 200-DMA (₹34.5): Long-term trend still under pressure.

ROE/ROCE Low: ROE at 8.38% and ROCE at 5.76% — below ideal levels.

FII/DII Holding Decline: Institutional sentiment is soft.

High Debt-to-Equity (10.2): Leverage is elevated, typical for banks but worth noting.

🎯 Intraday Strategy

📌 Optimal Buy Price

Entry Zone: ₹29.8–₹30.3

Preferably on dips near 50-DMA with volume >1.2 crore and RSI holding above 62.

💰 Profit-Taking Levels

Target 1: ₹31.2

Target 2: ₹32.0–₹32.5

If momentum sustains and price breaks above ₹31.2 with volume support.

🛡️ Stop-Loss

Exit Below: ₹29.5

A break below 50-DMA and recent support zone signals weakness.

🕒 If Already Holding Today

📌 Exit Triggers

MACD Histogram Shrinks: Indicates fading momentum.

Volume Drops Below 90 lakh: Signals weakening interest.

Price Rejection at ₹31.2–₹32.0: If price fails to break this zone, consider exiting.

RSI Falls Below 60: Confirms momentum reversal.

UCO Bank is a viable candidate for intraday scalping today, especially if volume sustains and price holds above ₹30. Let me know if you'd like to track this live or compare it with other PSU banks like Bank of India or Central Bank for rotational setups.

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