City Union Bank Eyes Breakout: SEBI RA Flags Risk-Reward Setup With ₹218 Target

The analyst highlighted a risk-managed opportunity in City Union Bank as the stock retests a key technical level.

City Union Bank shares gained 1.5% on Tuesday, tracking the broad-based rally across PSU banks. The stock has rallied over 10% in the last six months. 

On the technicals, City Union Bank shares are forming a higher-high structure on the daily chart, indicating a positive trend. 

However, SEBI-registered analyst Kavita Agrawal noted that while momentum remains strong, the volume on the daily chart is not yet convincing.

On the 75-minute chart, Agrawal observed that the stock is currently retesting its previous high, which can act as a breakout level. 

She advised watching for a pullback near the 20 EMA or the ₹196 zone before considering an entry.

Agrawal said volume activity is supportive and suggests the potential for a continuation breakout.

For the trade setup, she outlined an entry range of ₹196 – ₹200, a stop loss at ₹184, and a target of ₹218, calling it an attractive, risk-managed setup with a risk-reward ratio of 3.3:1.

On Stocktwits, retail sentiment was ‘neutral’ amid ‘normal’ message volume.

The stock has risen 11.8% so far in 2025.

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