UNIONBANK

Current Market Structure CMP: Around ₹170–171. The stock is trading well above its 52-week low (₹124.64) but still below its 52-week high (₹205.49), indicating that the long-term structure remains positive while the stock is currently in a recovery phase. Technical View ✅ Long-Term Trend: Positive ✅ Medium-Term Trend: Consolidation after correction The stock recently corrected from the ₹200+ zone and is attempting to form a higher base around ₹165–170. A sustained move above recent resistance could improve momentum. Important Levels Support Zone ₹165–168 ₹155–160 (strong support) Resistance Zone ₹178–182 ₹195–205 (major supply zone) Price Action Observation The recent correction appears to be stabilizing. Watch for strong bullish candles with higher-than-average volume near support. A close above ₹180–182 may improve short- to medium-term momentum. Failure to hold ₹165 could lead to another round of consolidation before the next directional move.