UNIONBANK - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 IntraDay Trade Rating: 3.4

🔍 Intraday Trade Analysis for Union Bank of India (UNIONBANK)

Union Bank is currently showing bearish short-term momentum, making it a cautious candidate for intraday trading today. While fundamentals are strong, technical indicators suggest weakness.

✅ Positive Indicators

Low P/E (5.39) vs Industry PE (7.49): Undervalued.

Strong ROE (17%) and decent quarterly profit (₹4,428 Cr.).

Dividend Yield: Attractive at 3.58%.

Volume Spike: Today’s volume (1.61 Cr.) is above the weekly average (1.41 Cr.), indicating active trading.

⚠️ Bearish Signals

RSI at 31.2: Near oversold territory, but not yet showing reversal.

MACD at -2.66: Bearish crossover, indicating downward momentum.

Price Below DMA 50 (₹142) and near DMA 200 (₹131)**: Weak technical positioning.

Price Action: Forming lower lows, suggesting continued selling pressure

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💡 Intraday Strategy

📈 If You're Entering Fresh Today

Optimal Buy Price: ₹127–₹129 (near intraday support zone)

Profit Target: ₹132–₹134 (resistance from recent bounce levels)

Stop-Loss: ₹125 (below support and psychological level)

📉 If You're Already Holding

Exit on Weakness: If price fails to hold ₹127 with increasing volume and RSI drops below 30.

Momentum Exit: If MACD continues to diverge negatively or price breaks below ₹125.

Profit Booking Zone: ₹132–₹134 if price rebounds with volume and RSI crosses 35.

📌 Summary

Union Bank is not ideal for aggressive intraday trading today due to weak momentum and bearish indicators. However, its strong fundamentals and high volume suggest it could be suitable for reversal-based or scalping strategies if support holds.

Would you like a list of PSU bank stocks showing stronger intraday setups today?

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