QUICK SCAN

REPORT

UNION BANK OF INDIA

RECOMMENDED FOR: SHORT TERM (1-3 months)

Union Bank of India is an Indian public sector bank headquartered in

Mumbai. After the merging with Corporation Bank and Andhra Bank, the
merged entity became the one of the largest PSU banks in terms of branch
network with around 8700+ branches.
Target

CMP Target Stoploss Recommended

For

75.85 81 - Short Term

We have refrained from placing stop-loss orders on certain stock ideas due to market volatility,
given our belief that these stocks are fundamentally strong and have significant growth potential.

Reasons to Buy

After forming an inverted head and shoulder pattern on the daily

timeframe, Union Bank of India has broken out at 75.20.
EMA 10 is currently trading higher than EMA 20, which suggests a
positive trend.
Net Profits and Revenue are consistently increasing QoQ.
Company has reduced its debt in the recent quarter.
FIIs have recently increased their holdings in this stock.

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Disclaimer: The securities quoted are for illustration

only and are not recommendatory

Investment in securities market are subject to market risks.

Read all the documents carefully before investing.