CUB has broken out with volumes from its downward sloping trendline on the Daily chart in both price and volume. A gap exists just above Rs.135. Bullish for the next price of Rs.142. BULLISH.
NSE:CUB I am posting this as one of the follower requested. Observations: 1) On daily time, it took support from 200DMA 3 days before and trading above it. Also the earlier resistance trendline now working as support trendline. Immediate resistance level is at 172 level. Sustainable Breakout of 172 level will give good up move. Please refer below...
Clearly bullish engulfing pattern can be seen buy for the target of 10%
It will blast over 180 resistance. if it crosses 180, it will achieve targets of 183,187,189.
It will blast over 180 resistance. if it crosses 180, it will achieve targets of 183,187,189.