Foram_C

Buy CUB above 182 with a short term holding target of 215

Lång
NSE:CUB   CITY UNION BANK
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 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.
Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.