UNIONBANK - Technical Analysis
Last Updated Time : 02 Aug 25, 12:58 am
Back to Technical List📊 Union Bank of India (UNIONBANK) Technical Analysis
Technical Rating: 3.2
📈 Chart Patterns & Trend Status
Trend Status: The stock is currently in a reversal phase, having broken below key moving averages and showing signs of bearish momentum.
Candlestick Structure: Recent bearish candles with long upper wicks suggest selling pressure near resistance zones.
Trendlines: Price has breached short-term support trendlines and is testing lower zones, indicating weakness.
📉 Moving Averages
50 DMA: ₹142 — Price is below, signaling short-term bearishness.
200 DMA: ₹131 — Price is near, suggesting possible support but fragile sentiment.
Crossover Status: Bearish crossover confirmed as price slips below 50 DMA.
📊 Momentum Indicators
RSI (31.2): Near oversold territory — bearish but approaching potential bounce zone.
MACD (-2.66): Negative and below signal line — confirms downward momentum.
Stochastic Oscillator: Below 20 — oversold, may hint at short-term recovery.
MFI (~42): Weak buying pressure — confirms lack of bullish interest.
📉 Bollinger Bands & Volume
Price Position: Near lower Bollinger Band — suggests oversold condition.
Volume Spike: Current volume (1.61 Cr) > 1-week average — indicates strong selling activity.
📌 Support & Resistance Zones
Level Price (₹)
Support 1 130
Support 2 125
Resistance 1 138
Resistance 2 142
Breakout Target 150–155
These levels are based on pivot points and recent price action.
🎯 Entry & Exit Strategy
Optimal Entry Zone: ₹128–₹132 (near support and 200 DMA)
Exit Zone (Short-Term): ₹138–₹142 (resistance zone)
Stop-Loss: ₹124 (below recent swing low)
🧭 Final Take
Union Bank is showing bearish momentum with technical indicators pointing toward a short-term reversal. While long-term fundamentals remain solid, traders should wait for RSI and MACD to stabilize before entering. A bounce from ₹130 could offer a tactical entry, but caution is warranted until volume confirms a reversal.
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