Fundamentally good stock
target: / 144/ 156 /169
if you already invested, then hold.
or else wait for entry.
enter after confirmation.
Good price to invest now.
refer old idea on CUB attached bellow.
CUB 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...
CUB:- Double bottom pattern has been formed and you can also call it W pattern. keep on eye
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...
CUB reached the low point. Buy at dips will give you better percentage in return. Buy at 115 - 125.
Target : 152+
Time : 2 weeks to 2 months.
Analysis are based on my view. Don't take ask investment advice, Invest as per your knowledge and view.
📌 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...
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...
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...