CUB trade ideas
Entry above 206/208City Union Bank - Entry above 206/208
past 3 years average sales 8.33%
past 3 years average profits 14.66%
past 3 years average margins 16.8%
CUB Bull in Control CUB Cup & Handle Breakout buy CMP 203 Target open Hold for Long term add more above 210
Buy CUB @ 180 TGT 194 SL 175can go long in CUB as it has broke out of channel and can expect a rally towards 194
City union bank long position As you can see CUB most of the times follows trend line. Target is 196 for swing trading
View on City union bank....In recent CUB chart show AB lag
Simply identified chart pattern is AB=CD
So, as per this pattern our target is 235 to 237.
Stop loss is low of point C ....
Now as per my trading style
one can look for buy above 188 for target of
1st- 207
2nd -220
3rd- 237
& Stop loss is 168 So Risk of 20 point for target of 49 point
Risk reward ratio 1:2.45
Also refer time interval , which can use as key reversal zone .......
Buy CUB above 182 with a short term holding target of 215The 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 buy signal has also emerged on the Weekly Charts over Stochastic with a positive divergence against the price. On-Balance Volume – OBV has also marked afresh high which is bullish. RSI is seen breaking out of a formation and we can see the prices marking higher levels over coming days. Any move below 170 will be negative for the stock.
#CUB Weekly SetupCUB 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!!
City union bank buy between 171-165CUB 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
City Union Bank - Weekly ChartCUB - cmp 172.
Bias : Long
Rationale:
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.
Symmetric Triangle on City Union BankScript - City Union Bank
NSE Code - CUB
Pattern - Symmetric Triangle
Breakout - Either Long nor Short
Trend - Neutral
Trade:
Position - Long
Entry - above 160.90
Exit - 167.90
Stop loss - 156
Position - Short
Entry - below 154.5
Exit - 148.50
Stop loss - 159
Go long at CMPAs 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
See it crossing 200 Level soon !! CUB see it crossing 200 Soon! Bullish on daily charts as well as indicators are giving green signal...
CUB Bounce back from short term moving avg ?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.
