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CITY UNION BANK LTDCITY UNION BANK LTDCITY UNION BANK LTD

CITY UNION BANK LTD

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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.
NSE:CUBLong
by The90sTraderOfficial
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
NSE:CUBLong
by Mega_Star_Lapu
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 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:CUBLong
by 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 :)
NSE:CUBLong
by ProPriceActionTrading
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.
NSE:CUBLong
by Mafie
BUY CUB cmp 144.50, target min 166 then 180/200 SL- 129CUB correction is completed both price-wise and time-wise. From this month it has strong potential upside with minimum target of 166 around, then 180 and 200 levels. 2nd target of 180 and 3rd target 200 can come in next month or next to next month but 166 is almost confirmed. This view will fail if it close on or below 130 levels. so the risk is very less from current levels and the rewards are very high with short term time frame. Fundamentally, the fair value of the stock near to 175-180 levels going with earnings of fy25-26 and with fy24, its still stand to value near 155-160 levels so there is a tremendous potential in value unlocking. NIMs of the bank likely to improve given the interest rate downtrend to start and the cost of borrowing will reduce resulting in improvement of margins. NPAs recovery is already going since last 3-4 quarters and it has reduced. Credit growth is expected to grow given the digitalisation in approval process, ties up with NBFC and expanding to new areas of credit growth. Branches increased last year, however still concentrated in TamilNadu, so any improvement in that state directly impacts cub. Recently the key person in higher management has changed with strong banking experience in big banks and mid size bank as well. Expect the strong turnaround for cub in coming quarters, so 200 is just the levels but it wont be surprising even it cross new lifetime highs when numbers are out. Multiple brokerage house knew this and gave a buy call, it is just a matter of time that Investor's patience soon going to be rewarded. Good luck.
NSE:CUBLong
by PrashantDahale