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The stock has been under secular uptrend over past two years. Currently highs in the 188-193 zones, the stock has been consolidating in a sideways move over past couple of weeks. The prices have attempted a breakout and is set to assume its up move again. The Weekly MACD has reported a positive crossover and it is now bullish while trading above its signal line. A ...
CUB can be a good candidate for long term investment if it breaks above 185 on weekly closing along with CCI 100 breakout from triangle formation!!
2 BH>50%CH candles
CCI(D/W/M) crosses 100
TGC with strength candle
Target 200 /215 / 235
CUB - cmp 172.
Bias : Long
1) Price holds support at upward sloping trend line.
2) Price holds support at 30 week ema.
3) Double bottom formation in a bullish structure.
4) Cup formation observed.
5) Price pierces past downward sloping trend line with above average volumes.
6) Stop : Breach below 30 week ema.
CUB can be potentially buy from CMP 171 and can be add on deeps around 165. One can keep SL of 159 on weekly closing basis
Script - City Union Bank
NSE Code - CUB
Pattern - Symmetric Triangle
Breakout - Either Long nor Short
Trend - Neutral
Position - Long
Entry - above 160.90
Exit - 167.90
Stop loss - 156
Position - Short
Entry - below 154.5
Exit - 148.50
Stop loss - 159
Short on Price Rejection
Long on Price bounce at Trend line
As we seen today PSU Banks has bounce with good volume. One of nice counter from PSU Sector, I feel going long at CMP with SL of 166
CUB see it crossing 200 Soon! Bullish on daily charts as well as indicators are giving green signal...
NSE:CUB Easy take home of 20% on this one
looks strong breakout with good volumes..
CUB has always bounced off its 20 day EMA multiple times in recent past from 82 odd levels. In today's trade it tested its MA and closed above it. If history repeats itself, it should test its previous high and potentially break it.
Good risk reward at current prices for entry.