Expecting a Bullish Move in CUB

As per the 2 Hour Chart of CUB, we have witnessed a Formation of a “Bullish Harami” Pattern on the downside levels.

Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 130.65, 132.05, and 135. Whereas, on the other hand, on the downside levels, the stock may face a support at the level of 126, on closing basis.
Closing Price (as on 21.02.22) : 128.65

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Alok Daiya
SEBI Registered Research Analyst

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