Buy Union Bank of India target Rs 155 : CapitalVia Global Research Ltd

CapitalVia Global Research Ltd has Buy call on Union Bank of India with a target price of Rs 155 .The current market price of Union Bank of India is Rs 147.3 Time period given by analyst is a week when Union Bank of India price can reach defined target. CapitalVia Global Research Ltd recommended to keep stoploss at Rs 137. Overall, the stock is in an uptrend on its daily chart and is trading above its both short and medium term moving averages of 10 and 50-days period, indicating the positive trend. After a strong rally, the stock entered a short-term consolidation.