City Union Bank; CMP: 250.65; RSI:
As long as 245 holds on closing basis, traders can look for a rebound towards 261 / 268 levels in the near term. Sustaining above 268 may further trigger momentum towards 275+.
However, a decisive breakdown below 245 can weaken the structure and may drag the stock towards 235–228 zone.
Trading Setup:
Buy Zone: 248–252
Targets: 261 / 268 / 275
Stop Loss: 244 (closing basis)
Overall structure remains cautiously positive while above trendline support.
- CUB is currently trading near a crucial support zone around 248–250 after a sharp corrective move from higher levels.
- The stock is attempting to hold the rising trendline support.
- RSI has cooled off from overbought territory and is now near neutral levels — indicating possibility of a technical bounce.
As long as 245 holds on closing basis, traders can look for a rebound towards 261 / 268 levels in the near term. Sustaining above 268 may further trigger momentum towards 275+.
However, a decisive breakdown below 245 can weaken the structure and may drag the stock towards 235–228 zone.
Trading Setup:
Buy Zone: 248–252
Targets: 261 / 268 / 275
Stop Loss: 244 (closing basis)
Overall structure remains cautiously positive while above trendline support.
تم حذف الأمر
CUB has issued a bonus shares so the targets and stoploss need to be redrawn, This make above read redundant.
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Join The Crocodile Strategy for timely market updates, swing trade setups, technical analysis & quick market insights.
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منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.