‹ All Posts
Priyam Mehta

24th Aug · SEBI-Registered Analyst

Union Bank of India – Positional Important Levels:

UNIONBANK
Union Bank of India [UNIONBANK] – Positional Important Levels: Support: ₹145 – ₹150 Resistance: ₹160 – ₹168 Structure: Positive to neutral technical setup Business: One of India’s leading public sector banks with a strong presence across corporate, retail, MSME and agriculture lending Key driver: Growth in advances, improvement in asset quality and stable net interest margins Growth visibility: Continued credit growth, expansion in retail and MSME lending and improvement in operational efficiency can support earnings growth Earnings profile: Profitability remains supported by healthy loan growth and improving asset quality, though margins remain sensitive to interest-rate movements Financial profile: Capital position and reduction in stressed assets remain important positives Watch out for: Net interest margin pressure, deposit mobilisation, asset quality, credit costs and interest-rate changes Verdict: Positive bias while above ₹145–₹150 support zone Fresh momentum can emerge on a sustained breakout above ₹160 A move above ₹168 can indicate stronger positional momentum A decisive break below ₹145 may weaken the overall structure #FundamentalViews #TechnicalViews #WatchOutFor #Today’sTradingSetup #StockNews

#FundamentalViews#WatchOutFor#Miscellaneous#MacroViews#HiddenGems
701 likes·49 comments