UCO Bank (Weekly)

Technical Analysis Trend: Long-term downtrend earlier, now in base formation. Structure: Price is moving sideways between ₹27–₹34 after a big fall — indicates accumulation. Price Behaviour: Selling pressure has reduced significantly. Momentum: No strong bullish breakout yet. Key Levels: Support: ₹27.5 → ₹25 Resistance: ₹34.5 → ₹40.3 Fundamental Analysis Business: PSU bank with improving but still weaker financial metrics. Asset Quality: NPAs have reduced but remain higher than peers. Profitability: Turnaround underway but still fragile. Risk: Higher sensitivity to economic slowdown. Summary View Early turnaround phase; needs confirmation on price and earnings.