The stock of Union Bank of India hit a multi-year high of ₹182.95 on January 16 before moderating to the current market price.
While there has been a correction recently, the broader uptrend is not negated. There are key support levels at ₹170 and ₹165, which can help in the resumption of the upward trajectory.
Once the rally begins again, the stock is expected to appreciate to ₹190 in the near term. Given the above factors, participants can consider buying the stock of Union Bank of India now at ₹172 and buy more shares if the price slips to ₹165.
Place a stop-loss at ₹159. When the stock moves up to ₹182, trail the stop-loss to ₹170. On a rally to ₹186, tighten the stop-loss to ₹180. Exit at ₹190.
(Note: The recommendations are based on technical analysis. There is a risk of loss in trading.)
Published on January 22, 2026
