City Union Bank cmp 205.81 by Weekly Chart view*City Union Bank cmp 205.81 by Weekly Chart view*
- Support Zone 180 to 190 Price Band
- Resistance Zone 206 to 218 Price Band
- Falling Resistance Trendline Breakout well sustained
- Technical Indicators of EMA, MACD, RSI on positive trend
- Repeated Bullish Rounding Bottoms with considerate Cup & Handle
- *Resistance Zone neckline acting as good hurdle to cross since breakdown in March 2020*
CUB
CUB : 30-35% upside possible in near to mid termHi Friends,
CUB a great stock to hold now after 5 years of consolidation period. I am anticipating the stock to continue its upward journey after taking 5 years of time to gain energy .
Targets, Stoploss & Entry are mentioned in the chart . Please feel free to share your views regarding this chart & analysis .
Note : I am not a SEBI registered advisor . Please consider my analysis only for Education purpose .
CUB City Union Bank Compression Swing Long Setup - CUB is currently trading at 170.6 and is showing signs of a huge expansionary move on a 4H TF
- CUB is currently compressing and trying to take more and more Liquidity out
- Make a note of a liquidity grab or deviation possibility before this shoots up
- 166-168 can be a good area to look for longs
CITY UNION BANK CUBNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
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
Unlocking Potential: CUB Surges Beyond a 10-Month Range!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
CUB at 10 year old trendline supportCUB is trading at 10 year old trendline support, this has acted as a good support for atleast three times in past and so far price has respected this in last weekly closing. Weekly RSI is currently around 32, which is indicating oversold and stock is trading near to its Covid Low.
Although, the stock is trading below most of the key moving averages but long term support zone provide here a good risk to reward in long side and fresh shorts here may be very risky unless and until price breaks down key support areas.
Anticipating here a turn around and may be in coming weeks price can form a double bottom on weekly charts to start its journey again on upside.
City Union Bank LimitedCUB:- Double bottom pattern has been formed and you can also call it W pattern. keep on eye
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.