UCOBANK - Technical Analysis

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

Technical Rating: 3.0

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

📉 Trend Overview

Current Price: ₹30.2 is below both the 50 DMA (₹31.8) and 200 DMA (₹36.9), indicating a bearish trend.

RSI (35.5): In the bearish zone, nearing oversold territory — suggests weak momentum but potential for a bounce.

MACD (-0.32): Negative, confirming downward pressure.

Volume: Current volume (54.8L) is below the 1-week average (67.3L), showing declining interest.

📌 Conclusion: The stock is trending down, with signs of possible short-term consolidation near support.

📊 Chart Patterns & Indicators

Bollinger Bands: Price likely near the lower band, indicating oversold conditions and potential mean reversion.

Candlestick Patterns: Recent formations include Bearish Engulfing and Doji Star, suggesting indecision and selling pressure

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ADX (~35): Indicates a strong bearish trend

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🔍 Support & Resistance Zones

Level Price (₹) Strength

Support 1 29.75–30.0 Moderate (pivot zone)

Support 2 26.8 Strong (52W low)

Resistance 1 31.8 Moderate (DMA 50)

Resistance 2 36.9 Strong (DMA 200)

Resistance 3 39.5–41.0 Major (trendline resistance)

🎯 Entry & Exit Zones

Optimal Entry: ₹29.5–₹30.0 (near support and Bollinger lower band)

Exit Zone: ₹31.8–₹36.9 (approaching resistance and moving averages)

⚡ Momentum Signals

Short-Term: Bearish momentum with weak RSI and MACD divergence.

Medium-Term: Negative bias unless price reclaims ₹31.8–₹36.9.

Volume Trend: Declining, suggesting low conviction and sideways movement.

🧭 Summary

UCO Bank is currently in a downtrend, with technical indicators showing weak momentum and bearish sentiment. While there’s no strong reversal signal yet, a bounce from ₹29.5–₹30.0 is possible. Traders may consider accumulating cautiously near support with a stop-loss below ₹28.5 and targeting exits near ₹36.0–₹37.0.

Want me to simulate a breakout scenario or compare this setup with other PSU banks?

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in.investing.com

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justticks.in

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