NSE:CUB
📌 As we can see City Union Bank stock has reached at March 2020 Levels (corona fall) and it is trying to reverse from that support and as well from harmonic PRZ too.
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail...
As per the 2 Hour Chart of CUB, we have witnessed a Formation of a “Bullish Harami” Pattern on the downside levels.
Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 130.65, 132.05, and 135. Whereas, on the other hand, on the...
After the recent down trend stock is looking good to resume the uptrend. It has yet to break the major pivot(supply zone) and form the HH but looking at the wide bullish candles with good committed buying coming in it should break out soon. I would add some quantity here and scale up gradually if the stock moves as per the plan. Maintain the SL below the swing low...
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...
as we can it has broken trendline upside and now it is being retested if trendline becomes support it will move 50 points upside. Buy near 163 if possible for good risk to reward.
good luck
City Union Bank is about to have a BO. it is above 52 week high and on a daily chart it is about 20 and 50 EMA.
Strategy
Enter once it crosses 162
Stop Loss : 5-10%
Exit or Next tranche: once it crosses 10%
![CUB: Simple Trade Setup | CITY UNION BANK | 25-10-2021 [ INTRADAY]](https://s3.tradingview.com/j/JgQVfwJW_mid.png "Simple Trade Setup | CITY UNION BANK | 25-10-2021 [ INTRADAY]")
