Union bank - Multiple cups and handles - 86% growth
Union Bank of India is engaged in the Business of Banking Services, Government Business, Merchant Banking, Agency Business Insurance, Mutual Funds, Wealth Management, etc.#
Branch Network
Presently, the bank has a network of 9,587 branches# and 12,961 ATMs# across India.
Its network almost doubled from 4,281 branches and 6,895 ATMs before the merger with Andhra Bank and Corporation Bank.
Customer Base
The bank has a customer base of 12+ crore customers post the merger with Andhra and Corporation Bank.#
Sales growth: 84.9
Profit growth: 182%
This growth is not yet reflected in its market price. Union bank is one of the top 5 government banks. It is now above its critical resistance zone which will act as a very big support zone. Personally, I will wait for a breakout in its small cup and handle.
Disclaimer: this is an educational analysis and not a recommendation to buy or sell. Please do your own due diligence or consult your advisor before taking any action based on this chart analysis.
Branch Network
Presently, the bank has a network of 9,587 branches# and 12,961 ATMs# across India.
Its network almost doubled from 4,281 branches and 6,895 ATMs before the merger with Andhra Bank and Corporation Bank.
Customer Base
The bank has a customer base of 12+ crore customers post the merger with Andhra and Corporation Bank.#
Sales growth: 84.9
Profit growth: 182%
This growth is not yet reflected in its market price. Union bank is one of the top 5 government banks. It is now above its critical resistance zone which will act as a very big support zone. Personally, I will wait for a breakout in its small cup and handle.
Disclaimer: this is an educational analysis and not a recommendation to buy or sell. Please do your own due diligence or consult your advisor before taking any action based on this chart analysis.
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.