City Union Bank ' s Key level | Breakout |This is the Daily Chart of City Union Bank .
CUB has formed a Broadening Wedge pattern on the daily chart, with a breakout near the ₹200 support zone. Post breakout, the pattern suggests potential upside targets of ₹274 and ₹310
On the 4-hour chart, the stock has formed a Head and Shoulders pattern, with a breakout at ₹190, which has already been retested. The first target of the pattern has been achieved, while the next potential target is ₹250.
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CUB trade ideas
City Union Bank Ltd. (CUB) AnalysisDetailed analysis of the chart and key levels for City Union Bank Ltd. (CUB) along with potential targets:
Key Levels:
Support Levels:
₹165–₹170: Recent breakout level (previous resistance turned into potential support). Any retest of this level could provide a buying opportunity.
₹120–₹140: Strong multi-year demand zone. The stock has bounced from this area multiple times in the past, making it a crucial support zone.
Resistance Levels:
₹190–₹195: Immediate resistance near the current price. This level could act as a short-term hurdle.
₹200–₹210: A historically significant resistance zone that aligns with prior peaks from 2022 and early 2023.
₹220: Next major resistance based on the last significant swing high (mid-2022).
Targets:
Assuming the breakout sustains and bullish momentum continues:
Short-term Target:
₹190–₹195: Test of immediate resistance.
₹200: Psychological and historical resistance level.
Medium-term Target:
₹210–₹220: If the stock sustains above ₹200, this zone is the next logical target, as it represents the previous major peak.
Long-term Target (Bullish Scenario):
₹240–₹260: If the stock continues its upward trajectory, these levels could act as long-term targets based on historical highs in 2019.
Risk and Stop Loss:
Stop Loss: Place a stop loss below the ₹165 level (previous breakout zone) to manage downside risk.
Pullback Level: A healthy pullback to ₹170–₹175 could provide better entry opportunities if not already in the trade.
Conclusion:
The stock is showing signs of a bullish breakout from a long-term downtrend. Sustaining above ₹185 and crossing ₹190–₹195 will confirm bullish continuation. Traders can aim for the ₹200–₹210 range in the short to medium term, while the ₹220–₹260 levels are achievable in the long run if momentum persists. Monitor closely for volume confirmation and price action near resistance levels.
mega star breakoutA cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift.
A cup and handle is considered a bullish signal extending an uptrend, and it is used to spot opportunities to go long.
Technical traders using this indicator should place a stop buy order slightly above the upper trendline of the handle part of the pattern.
The pattern was first described by William J. O'Neil in his 1988 classic book on technical analysis, How to Make Money in Stocks
SWING IDEA - CITY UNION BANKCity Union Bank is showing promising technical signals for a potential swing trade.
Reasons are listed below :
170 Zone Tested Multiple Times : This key resistance level has been tested several times, indicating a potential breakout.
VCP Pattern (Volatility Contraction Pattern) : A bullish chart pattern signaling a possible price surge.
Bullish Engulfing Candle on Daily Timeframe : A strong reversal signal, highlighting increasing buying pressure.
50 EMA Support on Daily Timeframe : The stock is well-supported by the 50-day EMA, reinforcing the bullish sentiment.
Target - 185 // 205
Stoploss - daily close below 159
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@visionary.growth.insights
Good return can be expected from this small cap stockCUB is trading in the price range of 190-200 for the past 3 years. Currently, it is trading near the weekly demand zone. On the daily timeframe, it has given a trendline breakout and again confirmed the upside possible movement by breaking the reversal trendline.
One can create a fresh position at CMP or can buy in dip and can hold for swing or position for the final target. SL will be below the demand zone which is 105
Happy trading :)
CUB cmp 166.50, heading higher to target 200 in one monthTechnically, CUB is heading higher with higher highs and higher lows, price above all short-term averages and averages heading higher forming a U-shaped pattern on a daily time so we strong expect a target of 200 in a month time frame. Aggressively bought for trading and investment purpose.
CITY UNION BANKCity Union Bank Limited is a banking company. The Bank's segments include Treasury, Corporate and Wholesale Banking, Retail Banking and Other Banking Operations.
Chart pattern - Bulling Triangle classic:
Long @ 180
Stop Loss @ 149
Market cap - 12804.74 Cr
Current Price - 172.88
High/Low 174.80 / 120.05
Stock PE - 12.61 Less than sector PE
Sector PE - 18.41
Price to book value - 1.72 Less than Sector PB
Sector Price to book value - 2.72
Debt to equity - 0.42
Pledged = 0.00%
Interest coverage - 2.83
EPS growth 3years - 12.2%
EPS in Rupees
2021 - 8.03 Cr
2022 - 10.28 Cr
2023 - 12.67 Cr
2024 - 13.72 Cr which is greater than past 3years
Cash Flow as of JUNE 2024
OCF - 100.40 Cr
FCF - 1.42 Cr
Shareholding as of JUNE 2024
Promoters - 0.00%
Mutual Funds - 26.92%
Foreign Institutional Investors - 26.44%
Domestic Institutional Investors - 32.57%
Retail and others - 23.05%
Disclaimer
ONLY FOR EDUCATIONAL PURPOSE.
City union bankCity union bank weekly chart looks like consolidating in a range frm a long time and now approaching descending trendline connecting top of jan 2020 and dec2022..now created vcp pattern ..for which Breakout level is apprx 165 on closing basis which is also a breakout level of descending trendline..1st target at channel top around 200 and if breaks the channel then target coming arnd 320
City union bankCity union bank weekly chart looks like consolidating in a range frm a long time and now approaching descending trendline connecting top of jan 2020 and dec2022..now created vcp pattern ..for which Breakout level is apprx 165 on closing basis which is also a breakout level of descending trendline..1st target at channel top around 200 and if breaks the channel then target coming arnd 320