City Union Bank: CMP: 163.03; RSI: 65.35
Cup and handle formation has fizzled out in past, while the price action is a range bound. Ascending triangle pattern (contracting) is visible on charts.
If, CUB, breaks-out above 171.50 level than new lease of life in script will take it to new heights.
For Aggressive traders: BUY at 159-163 Level; for a target of 170-171.5 in a weeks time frame. Stop Loss of Rs 155
For Investor:: buy only above 171.50, after clear breakout for a targets as below
Immediate Target: 177
Target-1: 185.2 (2 months); Stretched Target-2: 207 (6 Months)
Stop loss: 151.65.
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Cup and handle formation has fizzled out in past, while the price action is a range bound. Ascending triangle pattern (contracting) is visible on charts.
If, CUB, breaks-out above 171.50 level than new lease of life in script will take it to new heights.
For Aggressive traders: BUY at 159-163 Level; for a target of 170-171.5 in a weeks time frame. Stop Loss of Rs 155
For Investor:: buy only above 171.50, after clear breakout for a targets as below
Immediate Target: 177
Target-1: 185.2 (2 months); Stretched Target-2: 207 (6 Months)
Stop loss: 151.65.
✅ For More Such Trading Idea stream Like this, Please like, Share and Follow, MY IDEA STREAM ✅
Comment:
Buy CUB below 167.3 for a BTST or Day trading for a target of 170
