UCOBANK - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 4.0

Here’s a detailed technical analysis of UCO Bank (UCOBANK)

📊 Trend Overview

Current Trend: The stock is in a short-term uptrend, recovering from its recent lows and showing signs of momentum continuation.

Price Action: Trading at ₹30.3, above the 50-DMA (₹29.7) but still below the 200-DMA (₹34.5), suggesting bullish momentum with overhead resistance.

📈 Momentum Indicators

RSI (63.7): In the bullish zone, nearing overbought territory. Indicates strong momentum but caution near ₹32+.

MACD (0.17): Positive crossover, confirming bullish sentiment and potential for further upside.

Volume: Current volume (1.13 crore) is above the 1-week average (97.4 lakh), showing strong participation and buying interest.

📉 Moving Averages

Indicator Value (₹) Signal

50-DMA 29.7 Support

200-DMA 34.5 Resistance

Current Price 30.3 Above 50-DMA, below 200-DMA

📌 Bollinger Bands

Price is near the upper band, suggesting strong momentum but potential short-term resistance.

A breakout above ₹31.5–₹32 could trigger a rally toward ₹34.5+.

🧭 Support & Resistance Zones

Immediate Support: ₹29.5–₹30.0 zone

Major Support: ₹27.0–₹28.0 zone

Immediate Resistance: ₹31.5–₹32.0 zone

Major Resistance: ₹34.5 (200-DMA), then ₹38.0–₹40.0

🎯 Entry & Exit Zones

Optimal Entry: ₹29.5–₹30.0 (on pullback with MACD support)

Exit Zone: ₹34.5–₹38.0 (first resistance), ₹50.0+ if momentum sustains

🔍 Conclusion

UCOBANK is trending upward with strong RSI and MACD signals.

Price is above the 50-DMA and supported by volume, confirming bullish bias.

A breakout above ₹32 with volume could confirm trend continuation; otherwise, expect short-term consolidation near current levels.

Let me know if you’d like a comparison with other PSU banks like Bank of India or Central Bank!

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