UNIONBANK - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.0
| Stock Code | UNIONBANK | Market Cap | 1,29,369 Cr. | Current Price | 169 ₹ | High / Low | 183 ₹ |
| Stock P/E | 7.04 | Book Value | 165 ₹ | Dividend Yield | 2.80 % | ROCE | 6.72 % |
| ROE | 17.1 % | Face Value | 10.0 ₹ | DMA 50 | 162 ₹ | DMA 200 | 146 ₹ |
| Chg in FII Hold | 0.28 % | Chg in DII Hold | 0.21 % | PAT Qtr | 5,017 Cr. | PAT Prev Qtr | 4,249 Cr. |
| RSI | 51.2 | MACD | 5.42 | Volume | 1,43,94,226 | Avg Vol 1Wk | 2,31,47,468 |
| Low price | 107 ₹ | High price | 183 ₹ | PEG Ratio | 0.14 | Debt to equity | 10.3 |
| 52w Index | 81.7 % | Qtr Profit Var | 8.97 % | EPS | 24.1 ₹ | Industry PE | 7.64 |
📊 Chart Patterns: UNIONBANK is trading at 169 ₹, above both 50 DMA (162 ₹) and 200 DMA (146 ₹). The price is close to its 52-week high (183 ₹), reflecting strong bullish momentum and trend continuation.
📈 Moving Averages: Current price is comfortably above both short-term and long-term averages. The 50 DMA is above the 200 DMA, confirming bullish crossover and sustained uptrend.
📉 RSI: At 51.2, RSI indicates neutral-to-bullish momentum, not yet overbought.
📈 MACD: Positive at 5.42, showing bullish divergence and strong buying signals.
📊 Bollinger Bands: Price is near the upper band, suggesting strong buying interest but also caution for possible short-term pullback.
📊 Volume Trends: Current volume (1.43 crore) is lower than average weekly volume (2.31 crore), indicating reduced participation despite price strength.
📌 Momentum Signals: Short-term momentum is bullish. Support lies around 162–165 ₹, while resistance is near 180–183 ₹.
🎯 Entry Zone: 162–165 ₹ (near 50 DMA support).
🎯 Exit Zone: 180–183 ₹ (near 52-week high resistance).
🔎 Trend Status: The stock is trending upward with strong bullish signals.
Positive
- EPS of 24.1 ₹ indicates strong profitability.
- ROE (17.1%) reflects efficient capital usage.
- Quarterly PAT improved from 4,249 Cr. to 5,017 Cr. (8.97% growth).
- FII holdings increased by 0.28% and DII holdings by 0.21%, showing institutional confidence.
- Dividend yield of 2.80% provides shareholder returns.
Limitation
- ROCE (6.72%) reflects modest efficiency compared to peers.
- Debt-to-equity ratio of 10.3 indicates high leverage risk.
- Volume participation is lower than average, suggesting cautious sentiment.
Company Negative News
- High leverage with debt-to-equity ratio of 10.3 raises financial risk.
- Stock price is near resistance, raising risk of short-term pullback.
Company Positive News
- Quarterly PAT growth signals improving operational efficiency.
- Institutional holdings (FII and DII) increased, reflecting investor confidence.
Industry
- Industry PE at 7.64 suggests sector trades at similar valuations compared to UNIONBANK’s P/E of 7.04.
- Banking sector remains resilient with credit growth outlook supporting profitability.
Conclusion
🚀 UNIONBANK is trending upward with strong bullish technical indicators, supported by moving averages and MACD. Short-term traders may enter around 162–165 ₹ with targets near 180–183 ₹. Long-term investors should be cautious of high leverage but can hold for continued sector growth and profitability.