CUB
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...
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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.
#CitiUnionBank Positional Set UpNSE: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 (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
📌 As One can see, This Pattern has Been Made on Bigger Time Frame, that's why stop loss quite big as per this pattern and time frame. So wait for perfect reversal first then only go for long and ones enter in trade then strictly follow stop loss and here as per my own experience one should keep Stop Loss as closing basis.
(PRZ :- Potential Reversal Zone, SL :- Stop Loss, TF :- Time Frame)
As per AB=CD Pattern
PRZ 1 :- 126.50
PRZ 2 :- 116.95
As Per XABCD Harmonic Pattern
PRZ 1 :- 120.25
SL :- 101.15 (Closing Basis)
Target 1:- 129
Target 2:- 136
Target 3:- 144 and more Trailing basis
Note:- As Per this harmonic pattern , stop loss is quite big, so Trade on reversal only if you don’t know what is reversal, Kindly note that and ask in live session so next time you could be able to identify reversal by your self. Even ask doubts in comments, below.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.