sudhansrini

CUB Bounce back from short term moving avg ?

Long
NSE:CUB   CITY UNION BANK
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2
CUB has always bounced off its 20 day EMA multiple times in recent past from 82 odd levels. In today's trade it tested its MA and closed above it. If history repeats itself, it should test its previous high and potentially break it.
Good risk reward at current prices for entry.
Comment: CUB again bounced back from its MA :)