In this post, we will conduct a comprehensive analysis of Cub's weekly chart, focusing on the formation of the Harmonic Shark pattern based on Fibonacci levels. Additionally, we will explore the presence of trendline support, the demand zone, and the RSI indicator. By examining these technical aspects, we aim to gain insights into the potential direction of the...
CUB is trading in the price range of 109-200 for the past 3 years. Currently, it is trading near the weekly demand zone. On the daily timeframe, it has given a trendline breakout and again confirmed the upside possible movement by breaking the reversal trendline.
One can create a fresh position at CMP or can buy in dip and can hold for swing or position for the...
entry: 130
target:144
stoploss: 121
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more probability for bullish..
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Buying Opportunity seen in CUB after completion of double bottom pattern , the reversal seems to be confirmed from the demand zone as shown in the chart. RSI and MACD cross over favours the reversal . The SL and targets are as usual the demand and the supply zone. As this is an educational post , do message me the probable SL and Targets as a part of it....
Found cub to be retesting 2-3 times the bottom line of channel pattern around 110-120 whenever it consolidates around that price zone it moves 15-20% after that as seen in the chart pattern
Now found it to be around the price band of 110-120. Hence taken a position in it around current levels ready to add more if it drop by 5 points. Let's see How it goes
City union bank looking good for long trade .
Double bottom pattern is identified with a bullish harami candle stick pattern followed by a green candle.
Target 1= 143 approx
Target 2 = 160 approx
Target 3 = 180 approx
Stop loss somewhere below support.
THE IDEA IS FOR EDUCATIONAL PURPOSE TRADE AT OWN RISK...
1. recent lower low is taken out with new lower high, down trend intact
2. ~10% downside open
3. Trade Plan- sell on rise for a better RR, current prices dont have that
4. RSI and RS at low level and negative respectively
Confirmation to Buy above 126.85 level
Invalidation level @ 119
Potential Target's : 144 , 165
Disclaimer: The investments discussed or recommended in the market analysis, research reports, etc. may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and only...
CUB can move to 170 Levels after Breakout from current Neckline of H&S Pattern on daily charts @plenganawin145
LTP - 141.5
Targets 170+
SL - 138
Time frame - 25-30 days
