CUB has given the breakout as can be seen on the chart. we can make a entry once it give us a retrace and then it goes bullish. you can buy the stock once it drops to price 144-146. and hold it till 160 with Risk:Reward :: 1:3 approx.
Reason:
Verdict:
Bullish Breakout done
Plan of action:
Entry after retrace
BUY: 144-146 after retrace
Stoploss: 141
Target: 160
Reason:
- Stock has given the breakout of rectangle pattern range 120-142. (Bullish)
- Just EMA(13,200) crossover, also golden crossover. (Bullish)
- Price > EMA(12,50,200). (Bullish)
- RSI > 60 crosing to upside. (Bullish)
Verdict:
Bullish Breakout done
Plan of action:
Entry after retrace
BUY: 144-146 after retrace
Stoploss: 141
Target: 160
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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.