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Umang Bhutada

14th Jan · SEBI-Registered Analyst

Union Bank of India — 1D

UNIONBANK
Summary: Union Bank has delivered a strong impulsive breakout from the recent consolidation range. Price has decisively crossed multiple resistance levels with strong momentum, indicating fresh participation and strength. Structure: Higher highs and higher lows intact. Break above the 167–170 zone confirms trend continuation. Key Zones: Immediate support: 160–162 zone Major support: 154–155 zone Overhead supply now shifted higher near 180+ View: Trend remains bullish as long as price holds above the breakout zone. Pullbacks into the breakout area may attract demand.

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