Technical Analysis City Union Bank

The chart for

shows a stock that has undergone a massive transformation shifting from years of sideways movement into a powerful bullish breakout. Here is a technical breakdown of the current price action. The big move in early 2025 the stock decisively broke above the ₹210–₹220 resistance zone. When a stock breaks out of a multi-year base the resulting trend is usually very strong. The current price of ₹288.85 reflects this momentum phase. The recent move from ₹200 to ₹320 was almost vertical. While this shows immense buyer strength it also suggests the stock is currently overextended (stretched too far from its averages). The stock recently hit a peak near ₹320 before a slight pullback. This is a healthy sign as it creates a Higher High structure on the long-term chart. Resistance the recent high near ₹320 is the first major hurdle. If it crosses this the stock enters uncharted territory with no historical resistance. Support the previous breakout zone around ₹210 - ₹220 is now the strongest floor. Minor support on a shorter time frame the ₹260 level acts as a psychological cushion during pullbacks. Market Outlook & Strategy Currently, PSU banks are showing strong bullish momentum and with Indian Bank hitting its All-Time High we could see a similar short-term bullish trend in this stock as well. It is possible to play this for a swing trade although it will be slightly risky given the recent sharp move. There is a strong probability that it will retest and break its previous All-Time High potentially moving well above the ₹320 level.