City Union Bank
City Union bank appears to be a good long-term investment, since the stock is about to break out and is growing.
Please see City Union Bank's weekly chart. As depicted in the chart, City Union Bank is an excellent buy opportunity in the 160-162 region, and it has performed admirably thus far, with enormous upside potential.
Please check the City Union Bank's weekly chart. The stock is preparing to trade over horizontal resistance, continuing to increase, and may shortly break out of the 160-162 area. City Union Bank is now experiencing significant demand in the 160-162 range, as shown in the chart. The expected rise is 205-210, as shown in the chart below.
- City Union Bank is a fantastic long-term investment possibility because it is ready to provide a reasonable breakout around the 160-162 levels and is now on the rise.
- Stock appears to be in a strong position on the chart, with room for further gains to the 205 and 210 levels.
- As of today, 160-162 provides the finest opportunity to acquire this stock because the risk-to-reward ratio is optimal for a cash transaction.
- City Union Bank is in process of making ascending triangle and soon may breakout from 160-162 zone and might head towards 205-210 zone
Please see the City Union Bank chart for reference. The weekly chart reveals horizontal resistance and a breakout above 160, as well as demand in the 160-162 range, and the stock is up after accounting for abundant demand in the previously noted 140-142 range. The stock is also fundamentally sound and is a terrific potential for a long-term investment because it is strong technically and fundamentally.
Please take note of the horizontal resistance and its breach above the 160-162 zone, which may result in the stock reaching a new all-time high between 205 and 210, respectively, and the stock is showing a strong chance to go long at the current market price. So far, the stock has followed the chart's upward trend, reaching the 205 and 210 levels.
Investors may seek a long-term purchase opportunity in the 160-162 range because the stock is in high demand, which might result in a massive surge to the 205 and 210 levels, indicating a favorable risk-reward ratio.
Investors could buy the stock with cash for a long time and set a stop loss at 140 to achieve price goals ranging from 205 to 210.
The City Union Bank chart displays both support and resistance. The spot chart depicts each level.
|
City Union Bank |
Support |
Resistance |
|
Level 1 |
145 |
205 |
|
Level 2 |
140 |
210 |
Company Profile: City Union Bank Limited is an Indian private sector bank based in Kumbakonam, Tamil Nadu. The bank was founded on October 31, 1904, as Kumbakonam Bank Limited. The bank preferred to operate as a regional bank in Tamil Nadu's Thanjavur district. In FY2022, the bank had a market capitalization of ₹93.62 billion (US$1.1 billion), with 774 branches and 1762 ATMs.
On October 31, 1904, the City Union Bank Limited was founded as a limited company with the name Kumbakonam Bank. The bank sought a regional role and used an agency model in its early years. The first branch opened in 1930. In 1987, the bank changed its name to City Union Bank.
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