City Union Bank - Forming a good Higher Low since last 7 weeks...! Reaaring its head about 165 would be a good opportunity to scale up quick. Will wait.
Disc: Not SEBI Registered. I post charts for my own study.
Another breakout stock in Bank?
Very good volume.
closed above 100 day high
Took strong support at 9 EMA with volume.
RSI and Stochastic good as per rules.
ATR is low.
185 to 200 looks possible.
140 to 150 and 120 levels were held always last few months.
Posting a 4 HR time frame chart to show candle and volume last 2 hours.
Very Strong.
So on Monday can expect...
NSE:CUB
It can be bought with stop loss of 119 for target of 134, 139 and 146
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new...
It is broken the resistance has been created past couple of days. trend is going to be reversal. there will be two targets. ema 200 we can see resistance. if it is broken it will reach the t2 as mention in the chart.
The stock shows a great uptrend and is likely to bounce of the 200D EMA and create higher highs. As we already tend to see a bullish candle that is likely to initiate an upward trend.
city union bank is at major support level. if it does not hold 180-186 zone chances of downside /correction is imminent.
Current price is kissing long term trend line. let see how the price pan out.
