UCOBANK - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.3
| Stock Code | UCOBANK | Market Cap | 33,593 Cr. | Current Price | 26.8 ₹ | High / Low | 35.1 ₹ |
| Stock P/E | 12.1 | Book Value | 26.5 ₹ | Dividend Yield | 1.64 % | ROCE | 5.55 % |
| ROE | 8.62 % | Face Value | 10.0 ₹ | DMA 50 | 26.6 ₹ | DMA 200 | 29.5 ₹ |
| Chg in FII Hold | -0.05 % | Chg in DII Hold | -0.03 % | PAT Qtr | 801 Cr. | PAT Prev Qtr | 740 Cr. |
| RSI | 55.8 | MACD | 0.22 | Volume | 72,60,259 | Avg Vol 1Wk | 78,12,124 |
| Low price | 22.2 ₹ | High price | 35.1 ₹ | PEG Ratio | 0.86 | Debt to equity | 10.6 |
| 52w Index | 35.5 % | Qtr Profit Var | 22.8 % | EPS | 2.21 ₹ | Industry PE | 7.99 |
📈 Chart & Trend: UCOBANK is trading near its 50 DMA (26.6 ₹) but below its 200 DMA (29.5 ₹), reflecting short-term support but weak medium-term structure. RSI at 55.8 indicates neutral-to-bullish momentum, while MACD at 0.22 shows mild positive crossover. Bollinger Bands remain moderately tight, suggesting consolidation with limited breakout potential.
🔑 Momentum Signals: Current price (26.8 ₹) is holding above support at 26.0–26.5 ₹. Resistance levels are seen at 28.0 ₹ and 30.0 ₹. Volume (72.6L) is slightly below the 1-week average (78.1L), showing reduced participation and limiting conviction.
🎯 Entry Zone: 26.0–26.5 ₹ near support.
💰 Exit Zone: 28.0 ₹ (partial profit) and 30.0 ₹ (full exit).
📊 Trend Status: Consolidating with mild bullish bias.
Positive
- Quarterly PAT improved (801 Cr. vs 740 Cr.), +22.8% variation.
- EPS at 2.21 ₹ supports valuation stability.
- Dividend yield at 1.64% adds investor appeal.
- PEG ratio at 0.86 indicates fair valuation relative to growth prospects.
- Price trading near 50 DMA provides technical support.
Limitation
- Weak ROCE (5.55%) and ROE (8.62%) highlight modest efficiency.
- High debt-to-equity ratio (10.6) indicates heavy leverage risk.
- Price below 200 DMA confirms weak medium-term trend.
- Volume below average, limiting breakout conviction.
Company Negative News
- FII holdings reduced (-0.05%) and DII holdings reduced (-0.03%).
- High leverage weighing on long-term stability.
Company Positive News
- Strong quarterly profit growth (+22.8%).
- Dividend yield maintained at 1.64% despite leverage concerns.
- Price recovery from 52-week low (22.2 ₹) supports sentiment.
Industry
- Industry PE at 7.99 suggests sector trading at lower valuations compared to UCOBANK’s premium (12.1).
- Banking sector facing margin pressures but supported by credit growth.
Conclusion
UCOBANK is consolidating with mild bullish bias supported by MACD and price action near 50 DMA. Entry near 26.0–26.5 ₹ is favorable with exits at 28.0–30.0 ₹. While fundamentals show profit recovery and dividend support, weak efficiency metrics and high leverage limit conviction. Best suited for short-term speculative trades with strict stop-loss discipline.