City Union Bank Ltd. CMP: 177.39; RSI: 62.35
Elliot Wave reading-
CUB has been sloping upward channel from last 18 months. Elliot wave reading suggests the script in middle of wave-3 on daily time frame. It is showing resilience and consolidation in range of 181-175 levels.
Weekly resistance is placed at 180.9. Closing & breakout above this level will take the script to new 52 W high.
Entry: 181.5 (on confirm breakout)
Target: 188-196-200-215
Stop Loss: 171
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Elliot Wave reading-
CUB has been sloping upward channel from last 18 months. Elliot wave reading suggests the script in middle of wave-3 on daily time frame. It is showing resilience and consolidation in range of 181-175 levels.
Weekly resistance is placed at 180.9. Closing & breakout above this level will take the script to new 52 W high.
Entry: 181.5 (on confirm breakout)
Target: 188-196-200-215
Stop Loss: 171
✅ For More Such Trading Idea stream Like this, Share and Follow, MY IDEA STREAM ✅
Trade closed: target reached
Target Achieved; Rs: 196,25 (High) on 14/05/2025. Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.