Dear Traders/Investors,
I invite you to watch the detailed analysis video on City Union Bank (CUB), where I have endeavored to provide a comprehensive overview of the stock. While the video primarily features analysis in Hindi, I am sharing the key insights in English here in the description.
Over the past 10 months, CUB has maintained a trading range of 119-146. Remarkably, the stock has now breached this range, closing above it, prompting us to consider it as a breakout. Notably, prior to this breakout, the price exhibited an uptrend, adding further conviction to the breakout scenario.
Our strategy involves observing a potential retest of the resistance zones as an entry point for the trade. We plan to employ swing lows as stop-loss and identify the nearest resistance levels as our targets.
It is imperative to note that this information does not constitute financial advice, and trading decisions should be made based on individual judgment.
Stay tuned for upcoming updates, and thank you for your attention.
Sincerely,
Rahul Khandelwal
Wealth By Trade
I invite you to watch the detailed analysis video on City Union Bank (CUB), where I have endeavored to provide a comprehensive overview of the stock. While the video primarily features analysis in Hindi, I am sharing the key insights in English here in the description.
Over the past 10 months, CUB has maintained a trading range of 119-146. Remarkably, the stock has now breached this range, closing above it, prompting us to consider it as a breakout. Notably, prior to this breakout, the price exhibited an uptrend, adding further conviction to the breakout scenario.
Our strategy involves observing a potential retest of the resistance zones as an entry point for the trade. We plan to employ swing lows as stop-loss and identify the nearest resistance levels as our targets.
It is imperative to note that this information does not constitute financial advice, and trading decisions should be made based on individual judgment.
Stay tuned for upcoming updates, and thank you for your attention.
Sincerely,
Rahul Khandelwal
Wealth By Trade