City Union Bank Ltd. (CMP: ₹218 | Stop Loss: ₹200) gained 2% today while shaping an inverse head-and-shoulders pattern — a bullish reversal setup where the price forms three troughs, the middle one being the deepest, hinting at a shift from bearish to bullish momentum.

Source: Share.Market

Momentum indicators are lining up: the MACD line crossed above the signal line, while RSI is trending higher, supporting the case for continued strength. However, volumes remain muted and a strong pickup will be essential to confirm the validity of this breakout pattern.

With immediate resistance at ₹230, the stock could test higher levels if buying activity builds up. A close below ₹200, however, would invalidate this setup.

Bank of Baroda (CMP: ₹246 | Stop Loss: ₹226) has been on a recovery path after a sharp decline in recent weeks. The stock is now displaying renewed strength, supported by a golden crossover of its 10, 21, and 50-day moving averages — often seen as a bullish continuation signal.

Source: Share.Market

Momentum is building further as both MACD and RSI trend higher, indicating buyers are gradually regaining control. Volumes remain steady, lending support to the sustained uptrend.

If the stock manages to push past ₹255, it may reclaim lost ground from the earlier sell-off. On the downside, ₹226 remains the level to watch for risk management.

Note: Charts and prices are as of 12 PM.

Disclaimer

Investments in securities market are subject to market risks, read all the related documents carefully before investing. This is for informational purposes and should not be considered as recommendations.

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