📊 Technical Analysis Report:UNIONBANK 📅 Date: September 11, 2023 🕣 Time: 08:28 AM
📌 Introduction The following report provides a 📈 technical analysis for Union Bank of India as of September 11, 2023. The stock 🛑 closed at 88.10 on the last 🗓 trading day (Friday).
📊 Key Metrics:
🔒 Last Close Price: 88.10 50 -Day Moving Average: 📉 Under selling pressure 🔄 Asset Turnover Ratio: 📉 Low 📊 Return on Equity (ROE): 1️⃣3️⃣-1️⃣4️⃣% 💵 Price-Earnings (P/E) Ratio: 5️⃣-6️⃣
📈 Technical Indicators:
📊 MACD (12,26,9): 🕒 Yet to show crossover, expected in a day or two 📈 Stochastics RSI: K: 3️⃣1️⃣.1️⃣2️⃣ D: 2️⃣9️⃣.4️⃣7️⃣ 📉 Percent R: -6️⃣3️⃣.4️⃣8️⃣ 📈 Fisher 9: Trigger: 0️⃣.6️⃣6️⃣ Fisher: 0️⃣.2️⃣5️⃣
🎯 Entry, Target and Stop-Loss Levels 🔥 For Aggressive Traders
While 📘 fundamental aspects like ROE and asset turnover are not too promising, the low P/E ratio indicates a potential 💰 cheap entry point.
🔥 Aggressive traders can consider an entry at 90.85 targeting 92.40 and 94.30, with a stop loss at 88.10. 🐢 Conservative traders can enter at 92.25.
⚠️ Disclaimer 📝 This report is for informational purposes only and should not be considered as 💰 financial advice. Investors are advised to perform their own due diligence 🕵️♀️ before making any investment decisions.