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Cityunionlong

CUB Bullish breakout analysis 21 Nov 23 CUB has given the breakout as can be seen on the chart. we can make a entry once it give us a retrace and then it goes bullish. you can buy the stock once it drops to price 144-146. and hold it till 160 with Risk:Reward :: 1:3 approx. Reason: Stock has given the breakout of rectangle pattern range 120-142. (Bullish) Just EMA(13,200) crossover, also golden crossover. (Bullish) Price > EMA(12,50,200). (Bullish) RSI > 60 crosing to upside. (Bullish) Verdict: Bullish Breakout done Plan of action: Entry after retrace BUY: 144-146 after retrace Stoploss: 141 Target: 160
NSE:CUBLong
by finnova_