SWING IDEA - CITY UNION BANK
Updated
City Union Bank is showing promising technical signals for a potential swing trade.
Reasons are listed below :
Target - 185 // 205
Stoploss - daily close below 159
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@visionary.growth.insights
Reasons are listed below :
- 170 Zone Tested Multiple Times: This key resistance level has been tested several times, indicating a potential breakout.
- VCP Pattern (Volatility Contraction Pattern): A bullish chart pattern signaling a possible price surge.
- Bullish Engulfing Candle on Daily Timeframe: A strong reversal signal, highlighting increasing buying pressure.
- 50 EMA Support on Daily Timeframe: The stock is well-supported by the 50-day EMA, reinforcing the bullish sentiment.
Target - 185 // 205
Stoploss - daily close below 159
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Note
Momentum expected above 172Trade closed: stop reached
stoploss hit !
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