CUB trade ideas
CUB - Cup & HandleCup & Handle pattern forming on Daily Chart of CUB. BUY 200.1, SL 174.9, Target(s) - 224, 234, 243, ATH. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
CUB seen good breakout.... can expect some good upmove...CUB seen good breakout.... can expect some good upmove...
CUB : FORMING ASCENDING TRIANGLE IN COMING DAYS GETTINGCUB : FORMING ASCENDING TRIANGLE IN COMING DAYS GETTING
BREAKOUT FOR 219 & 232 UPSIDE. PATTERN INVALID BELOW 167
ON DAILY CLOSING BASIS. DISCLAIMER ONLY FOR EDUCATIONAL &
LEARNING PURPOSE.
CUB: Ready for reversal.Disclaimer: Analysis for education purpose only. Seek financial advisor before making any decision
CUB - Ascending Triangle - LongCUB has ascending triangle pattern.
CUB has Weekly Support at 177.
If the script go pass and break the triangle above 184 and close in daily chart.
Entry - Above 184
SL - Below 177
Target -198
Disclaimer: Kindly do your own analysis before executing the trade.
Ascending Parallel channel in CUBAscending Parallel channel in City Union Bank.
Support and Resistance: Traders could open a long position when a stock's price reaches the ascending channel’s lower trend line and exit the trade when price nears the upper channel line. A stop-loss order should be placed slightly below the lower trend line to prevent losses if the security’s price abruptly reverses and also vice versa .
Breakouts : Traders could buy a stock when its price breaks above the upper channel line of an ascending channel . It is prudent to use other technical indicators to confirm the breakout. For example, traders could require that a significant increase in volume accompanies the breakout and that there is no overhead resistance on higher time frame charts
Breakdowns : Before traders take a short position when price breaks below the lower channel line of an ascending channel , they should look for other signs that show weakness in the pattern. Price failing to reach the upper trend line frequently is one such warning sign. Traders should also look for negative divergence between a popular indicator, such as the relative strength index ( RSI ), and price. For instance, if a stock’s price is making higher highs within the ascending channel , but the indicator is making lower highs, this suggests upward momentum is waning.
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Pattern break happened - Possible retestPrice breaks the pattern as expected and it is constantly moving up, one can expect a retest before moving further up. Always go long when there is a support and you are expecting a up move !!!
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One Right Trade's Swing Trade Idea #182 : Long on CUB This is a public swing trade idea from "one right trade" and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
City Union Bank - Potential reversal/breakoutA smaller bank which is traditionally conservative with its lending habits.
Technically the stock has broken out and also moved above its 200EMA. The price is also moving towards its 200WEMA (158).
Long only above 158 with a SL below 200EMA (151).
Above that the volumes too could pick up which could lead to momentum. SBI Smallcap is quite bullish on this stock. Its a top3 holding in its fund.
Symmetric Breakout expected in CUBPrice inside a channel and forming a symmetric triangle within the channel and today after taking the trend line support price is bullish and strong. One can expect a triangle breakout and the target would be the top of the channel.
