CUB Price will fall the Resistance
Strong Resistance at CMP
Previous Candles at the Resistance which have POWERFUL BEARs
As there is no volume, the price will go DOWN
Breakout above the long-term parallel channel in City Union Bank. With banking stocks poised to do well, this could follow.
Targets indicated over the long-term above.
Could see a re-test of the Parallel Channel (or of the 200EMA) support) before the next big leg up.
the city union bank in good fundamental and the fii holding is increased from the past few days.
so the the decision is to take entry.when break the channel,so guys dont go for aggressive mode .just wait and watch
CUB are ready to break our supply zone if sustain above 165 its have good potential to short term move atlease 10% +ve all creadit belong to RSS Strategy
CUB Long
Short term resistance breakout and crossed all EMA's
Buy at CMP- 162 or at trendline breakout above 167
SL- 151
Target- 189, 198.5, 214
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
City Union Bank is about to have a BO. it is above 52 week high and on a daily chart it is about 20 and 50 EMA.
Strategy
Enter once it crosses 162
Stop Loss : 5-10%
Exit or Next tranche: once it crosses 10%
City Union Bank Ltd. engages in providing financial services. It operates through the following segments: Treasury, Corporate & Wholesale Banking, Retail Banking, and Other Banking Operations. The company was founded on October 31, 1904 and is headquartered in Kumbakonam, India.
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