The short-term outlook is bullish for Union Financial institution of India. The sturdy 4 per cent rise on Monday signifies that the upmove within the inventory is gaining momentum. The surge on Monday has taken the share worth nicely above the 200-Day Shifting Common, which is a optimistic sign.
Video Credit score: Businessline
The 200-DMA is at the moment at ₹122. A attainable transferring common crossover on the every day chart additionally strengthens the bullish case.
Union Financial institution of India’s share worth can rise to ₹133-135 in every week or two. Merchants should buy Union Financial institution of India shares now at ₹127. Accumulate on dips at ₹123. Maintain the stop-loss at ₹121. Path the stop-loss as much as ₹129 when the worth goes as much as ₹131. Transfer the stop-loss additional as much as ₹130 when the worth touches ₹132. Exit the lengthy positions at ₹133.
(Word: The suggestions are based mostly on technical evaluation. There’s threat of loss in buying and selling.)
