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.
Order dibatalkan
CUB has issued a bonus shares so the targets and stoploss need to be redrawn, This make above read redundant.
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