City Union Bank Breaks 5-Year High, Target Rs 300 in 4 Weeks for Traders

City Union Bank’s share price has surged to fresh record highs, breaking a five‑year pattern that many traders are watching closely.

What sparked the recent rally?

The stock finally moved above the Rs 249 resistance level that has held since January 2020. This breakout on the monthly chart signaled strong buying pressure and set the stage for the latest climb.

Technical picture

Key points from the chart:

• Five‑year breakout on the monthly time frame in November.
• Continuation of the upward move in December, pushing the price to new all‑time highs.
• Rs 249 acted as a tough ceiling for almost four years before giving way.

Short‑term target for traders

Analysts suggest the stock could reach around Rs 300 within the next three to four weeks if the momentum stays strong.

• Buy‑the‑dip opportunities may appear as the price retests support levels.
• Watch for volume spikes that confirm continued interest.
• Set stop‑loss orders below recent lows to manage risk.

What investors should keep in mind

While the upside looks promising, it’s important to stay cautious:

• The market can be volatile; rapid moves may reverse quickly.
• Consider the bank’s fundamentals and broader sector trends.
• Always align trade size with your risk tolerance.

Remember, this is perspective, not a prediction. Do your own research and consult a financial advisor before making any decisions.