City Union Bank - Potential reversal/breakout
A smaller bank which is traditionally conservative with its lending habits.
Technically the stock has broken out and also moved above its 200EMA. The price is also moving towards its 200WEMA (158).
Long only above 158 with a SL below 200EMA (151).
Above that the volumes too could pick up which could lead to momentum. SBI Smallcap is quite bullish on this stock. Its a top3 holding in its fund.
Technically the stock has broken out and also moved above its 200EMA. The price is also moving towards its 200WEMA (158).
Long only above 158 with a SL below 200EMA (151).
Above that the volumes too could pick up which could lead to momentum. SBI Smallcap is quite bullish on this stock. Its a top3 holding in its fund.
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