UNION BANK OF INDIA – TECHNICAL ANALYSIS

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Union Bank just flashed a powerful confluence of 3 bullish patterns and smart money could already be moving in. Let’s break it down simply, but sharply

1. Falling Wedge Breakout (Aug ‘24 – Feb ‘25)

Falling Wedge is one of the strongest bullish reversal signals in technical analysis.

✔️ Price kept dipping but volume dropped — a sign of seller exhaustion.
✔️ It broke out with power in Feb, confirming buyers are gaining control.

2. Inverse Head & Shoulders (Smart Money Footprint)

This classic bottoming pattern shows how institutions trap retail:

Left Shoulder: ₹113
Head: ₹103
Right Shoulder: ₹116
Neckline breakout: ₹130
The breakout signals the start of a new uptrend. smart money behavior.

3. Symmetrical Triangle (Mar–May 2025)

After the breakout, price consolidated in a triangle squeezing between bulls and bears.
Last week? Boom. Breakout confirmed and volume backed it up.
This is volatility contraction expansion in motion. Momentum incoming.

Targets Based on Pattern Math:

Triangle Target ₹148
Head & Shoulders Target ₹157
Full Wedge Reversal Target ₹172+

This setup isn’t just about price. It’s about psychology, positioning & timing.

The market is showing its hand — now it’s your move.
Smart money already played the game. Retail is still watching?

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