Daily Chart Analysis on

UNIONBANK

Technical View (Daily Chart – Detailed)

Union Bank has shown a strong reversal signal in the latest session. The stock moved from a low of ₹127.90 to close near ₹132.50, forming a bullish green candle. Price & Moving Averages: The stock has closed above the 100-DMA, which is a short-term positive signal. However, it still trades below the 50-DMA and 200-DMA, indicating that medium-term trend confirmation will come only above ₹136–140 levels. Parabolic SAR: Dots have shifted below the price → indicates a fresh bullish trend. RSI (14): Currently at 51, which is neutral. This suggests there is room for further upside before becoming overbought. A move above 60 will strengthen bullish momentum. MACD: Still in negative territory but showing convergence, signaling that bearish momentum is fading and a bullish crossover may occur soon. Chart Formation: The stock is making higher lows, indicating base building and the possibility of a sustainable uptrend. Upcoming Events & Impact Q2 FY26 Earnings (Oct 2025): Likely to show credit growth but margins may remain under pressure due to higher cost of funds. Positive earnings surprise can support stock rally. RBI Policy (Oct 2025): Any dovish stance or rate cut can be highly positive for banks. Government Capital Infusion (if any): Can boost PSU banks’ balance sheets.