Tech Star : City Union Bank Limited And KNR Constructions Limited - Religare Broking
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City Union Bank Limited
We have been seeing mixed trend within the banking space and CUB is setting ground for the next leg of the up move. It has been inching gradually higher for the last two months, after retesting its monthly support zone around 115 levels. Indications are in the favor of further traction, citing the noticeable surge in the volumes. Traders can accumulate in the mentioned range.
Buy City Union Bank Limited CMP 171 Range 168-172 SL 160 Target 188
KNR Constructions Limited
in the infra-related counters and KNR Construction is trading in sync with the move. It has formed a fresh buying pivot, after consolidating for a month and looks set for a breakout from the same. We thus recommend creating fresh longs in the mentioned range.
Buy KNR Constructions Limited CMP 401 Range 395-402 SL 382 Target 445
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