HawkishDove

CUB BO [Weekly]

HawkishDove Updated   
NSE:CUB   CITY UNION BANK
CUB BO on weekly timeframe coinciding with 10W/40W cross as well. One of the few banks showing good volumes and price appreciations. Keep an eye out for this :)
Comment:
162 is the next level where overhead supply might kick in. Up until now, movement has been smooth and not much on volumes unfortunately. So keep an eye out on it if supply around this level knocks it down.
Comment:
Currently facing overhead supply, but has good momentum. Stock showed signs of strength when Bank index was in pressure, so might be a good catch, although volumes are much in the larger names for now.

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