🔥 Union Bank Breaks Out as PSU Banks Catch Momentum

witnessed a sharp breakout with strong volumes, clearly outperforming the broader market. What’s driving the move: PSU banks are back in focus as asset quality concerns ease and credit growth remains strong Union Bank has been steadily improving GNPA/NNPA metrics, boosting investor confidence The stock decisively moved above a multi-week consolidation zone, confirming fresh momentum buying Technical snapshot: Price trading well above short-term averages RSI has moved into the strong momentum zone, indicating trend strength rather than exhaustion Analyst view: Market participants tracking PSU banks believe the sector could continue to outperform if bond yields remain stable and credit growth sustains. Union Bank is increasingly being seen as a turnaround PSU story, though short-term pullbacks cannot be ruled out after the sharp rally