Investors have paid higher prices over time to buy City Union Bank Ltd. and the stock is in a rising trend channel in the medium long term.
This signals increasing optimism among investors and indicates continued rise. The stock has broken a resistance level in the short term and given a positive signal for the short-term trading range.
There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the stock has support at approximately 183 rupee.
Volume tops and volume bottoms correspond well with tops and bottoms in the price. This strengthens the trend. The stock is overall assessed as technically positive for the medium long term.