UNIONBANK - IntraDay Trade Analysis with Live Signals

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

IntraDay Trade Rating: 4.1

Union Bank of India shows a strong setup for intraday trading today, supported by bullish momentum, high volume, and favorable technical positioning. Here's a detailed breakdown

📊 Intraday Trade Analysis

✅ Bullish Indicators

MACD Positive (0.21): Indicates upward momentum.

RSI at 59.1: Bullish zone, with room to rise before overbought territory.

Price Above DMA50 & DMA200: Trading at ₹137, above 50-DMA (₹135) and 200-DMA (₹131), confirming trend strength.

Volume Surge: Current volume (1.37 crore) is ~31% higher than 1-week average, showing strong intraday interest.

Low P/E (5.66) vs Industry PE (7.91): Attractive valuation.

Strong ROE (17.1%): Indicates solid profitability.

FII & DII Holding Increased: Institutional sentiment is improving.

⚠️ Cautionary Factors

ROCE at 6.72%: Operational efficiency is moderate.

High Debt-to-Equity (11.2): Typical for banks but worth monitoring.

Quarterly PAT Decline: From ₹4,985 Cr to ₹4,116 Cr — a 17.4% drop.

🎯 Intraday Strategy

📌 Optimal Buy Price

Entry Zone: ₹135.5–₹137

Preferably on dips with volume >1.4 crore and RSI holding above 58.

💰 Profit-Taking Levels

Target 1: ₹139.5

Target 2: ₹142–₹144

If momentum sustains and price breaks above ₹139.5 with volume support.

🛡️ Stop-Loss

Exit Below: ₹133.5

A break below this level signals loss of intraday strength.

🕒 If Already Holding Today

📌 Exit Triggers

MACD Histogram Shrinks: Indicates fading momentum.

Volume Drops Below 1.1 crore: Signals weakening interest.

Price Rejection at ₹139.5–₹142: If price fails to break this zone, consider exiting.

RSI Falls Below 56: Confirms momentum reversal.

Union Bank is a strong candidate for intraday momentum play today. If you'd like to track this live or compare it with other PSU banks like Bank of Baroda or Canara Bank, I can help with that too.

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