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City Union Bank: A Textbook Breakout After Years of ConsolidatioCity Union Bank has recently delivered a compelling technical setup that offers a classic case study in breakout trading. After years of sideways movement, the stock has finally breached a long-standing resistance level, signaling potential for a sustained uptrend. 🕰️ Multi-Year Consolidation and Breakout Historical Resistance Breached: The stock closed above its January 2020 high yesterday, marking a significant breakout on a closing basis. Consolidation Phase: From March 2020 to June 2025, the stock remained range-bound, forming a prolonged base. Such extended consolidations often precede powerful moves when broken. Breakout Confirmation: The recent price action above the consolidation range confirms a major breakout, suggesting a shift in market sentiment and potential for trend continuation. 💪 Strength in Price Action Sustained Above Key Moving Averages: The stock is trading well above its 50-day and 100-day moving averages. This alignment of short- and medium-term trend indicators reflects underlying strength and bullish momentum. Momentum Building: The Relative Strength Index (RSI) has moved above 50 and is now attempting to cross 70, a zone often associated with strong bullish momentum. This supports the breakout narrative and indicates increasing buying pressure. 📚 Educational Takeaways This setup offers several lessons for traders and investors: Breakouts from Long Consolidations: When a stock breaks out after years of consolidation, it often leads to sustained moves due to pent-up demand and re-rating by market participants. Closing Basis Matters: A breakout confirmed on a closing basis adds credibility, reducing the risk of false breakouts. Moving Averages as Support: Trading above key moving averages reinforces trend strength and can act as dynamic support levels. RSI as a Momentum Gauge: RSI crossing above 70 during a breakout can validate the strength of the move, especially when aligned with price and volume action. 🔍 Final Thoughts City Union Bank’s recent breakout is a textbook example of how patience during consolidation can pay off. With price action confirming strength and momentum indicators aligning, this setup could serve as a valuable reference for traders studying breakout strategies.
NSE:CUBLong
by NANARKAR
CITY UNION BANK CUBNote: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions... Keep an eye ladies and gentlemen. Cheers and Happy Trading
NSE:CUB
by SENSITRADE_T
CUB Bullish breakout analysis 21 Nov 23 CUB has given the breakout as can be seen on the chart. we can make a entry once it give us a retrace and then it goes bullish. you can buy the stock once it drops to price 144-146. and hold it till 160 with Risk:Reward :: 1:3 approx. Reason: Stock has given the breakout of rectangle pattern range 120-142. (Bullish) Just EMA(13,200) crossover, also golden crossover. (Bullish) Price > EMA(12,50,200). (Bullish) RSI > 60 crosing to upside. (Bullish) Verdict: Bullish Breakout done Plan of action: Entry after retrace BUY: 144-146 after retrace Stoploss: 141 Target: 160
NSE:CUBLong
by finnova_
Unlocking Potential: CUB Surges Beyond a 10-Month Range!Dear Traders/Investors, I invite you to watch the detailed analysis video on City Union Bank (CUB), where I have endeavored to provide a comprehensive overview of the stock. While the video primarily features analysis in Hindi, I am sharing the key insights in English here in the description. Over the past 10 months, CUB has maintained a trading range of 119-146. Remarkably, the stock has now breached this range, closing above it, prompting us to consider it as a breakout. Notably, prior to this breakout, the price exhibited an uptrend, adding further conviction to the breakout scenario. Our strategy involves observing a potential retest of the resistance zones as an entry point for the trade. We plan to employ swing lows as stop-loss and identify the nearest resistance levels as our targets. It is imperative to note that this information does not constitute financial advice, and trading decisions should be made based on individual judgment. Stay tuned for upcoming updates, and thank you for your attention. Sincerely, Rahul Khandelwal Wealth By Trade
NSE:DIVISLABLong
by iamrk7
CUB at 10 year old trendline supportCUB is trading at 10 year old trendline support, this has acted as a good support for atleast three times in past and so far price has respected this in last weekly closing. Weekly RSI is currently around 32, which is indicating oversold and stock is trading near to its Covid Low. Although, the stock is trading below most of the key moving averages but long term support zone provide here a good risk to reward in long side and fresh shorts here may be very risky unless and until price breaks down key support areas. Anticipating here a turn around and may be in coming weeks price can form a double bottom on weekly charts to start its journey again on upside.
NSE:CUBLong
by aktradelearning
City Union Bank LimitedCUB:- Double bottom pattern has been formed and you can also call it W pattern. keep on eye Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:CUBLong
by AjayDhakad_Keep_it_simple