CANBK - Breakout After 175+ DaysDetailed View about this Breakout: No.of Resistance: 3 No.of Support: 4 Consolidation Days: 175+ Days I Post educational chart for 3 Swing / Potential Stocks Everyday. Check Related Ideas section for more Swing Stock analysis. CLongby piswingtraders12
Canara high done for September Canara bank following rising Chanel has reached peak of Chanel now its on verge of breakout or it will take resistance and come down to lower or middle of the Chanel at leastCShortby Smartigent114
#CANBK BO in DTFWTF is in UT, DTF Formed a VCP Volume dry up before BO, at BO volume spike Ema rule in play MACD Cross Over RS Line flat CLongby MMT_MakeMoneyTrading2
Canara Bank : 13% to 52% Upside PotentialCanara Bank 11 Sep 2023 The stock was showing a good price action for the past couple of weeks, BO today with huge volume. In Play : HH-HL Summary • Trading above VAH • Next Resistance 365 zone Conclusion • CMP 355 • Higher Targets could be around o Short Term : 365-380 o Mid/Long Term : 397-434-480-537 Wish You Happy & safe trading Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. "Always Respect Risk" Happy Trading Jai Hind Jai BharatCLongby DhirajSinghBais19
canara bankcanara bank counts show that the next up move starts as impulse from here. anyone having different counts can share to improve on the learning process of ew waves . CLongby Astute_Dharini_Trades114
Canara bank waiting for potential breakout cosider above 370 levels its more then 9 year respect the trendline once its break we can expeact blast in futureCLongby Swing_Analyst_2210
CANBK 1htf breakout Canara bank breakout from a beautiful triangle pattern Low risk trade CLongby narendranmohan040
CANBK 1HTF breakout Canara bank 1hour time frame breakout from a beautiful triangle pattern Low risk trade Less stoploss CLongby narendranmohan040
Future of CANARA Bankas per analysis, i m preferring to SHORT.. it may happen in this FY.. CShortby subhrakanta8730330
#CANBK Pending correction ?Stock could possibly face correction considering the massive up-move and the signs of momentum slowing down with weakness and bearish patterns . Price breaking down the channel could trigger a move south Plots on the chart for reference .CShortby srinivasbusyUpdated 1
Hourly timeframe analysis of Canara BankA short-term trade can be initiated based solely on the hourly trendline. This approach offers a trade opportunity with a risk-reward ratio of approximately 2. (Though the potential upside seems considerable, it's wise to consider 2 as a minimum expected ratio.) For this short trade, the stop loss can be determined by looking at the support trendline drawn in the hourly timeframe or the latest low. As for the target, aiming for a price range of 350 to 360 could be a prudent strategy.CLongby popularExpert698031
Exploring Canara Bank Stock: An Breakout of an 11-Year TrendlineIn the world of stocks, interesting trends can often reveal exciting opportunities. One such intriguing situation is happening with Canara Bank's stock. There's an 11-year-old trendline that has been obeyed by the price six times in the past. And now, it appears that a breakthrough is occurring in this stock. If we look at the monthly candle of July 3, 2023, we can observe a breakout from this resistance trendline. This breakout presents a chance for a trade with a promising risk-reward ratio of around 2.7. To explain, the recent low (trading between 270 and 278) can act as our stop loss, while the target lies within the resistance zone ranging from 499 to 514. This is our initial target. However, it's worth noting that we could even aim higher, targeting all-time highs (ranging from 723 to 732). This ambitious goal could potentially yield a remarkable risk-reward ratio of about 6.5. Yet, achieving this could take quite some time and would depend on how the stock's price action and momentum unfold during the journey to the initial target. Delving into entry conditions, we also see some promising signs on the hourly timeframe. The stock has displayed significant price action here as well. The hourly trendline, much like its longer-term counterpart, has been tested around 5 to 6 times in the past, making it a reliable marker. Once this hourly trendline is breached, it could serve as a trigger for initiating long positions. Alternatively, a short-term trade could also be initiated based solely on the hourly trendline. This approach offers a trade opportunity with a risk-reward ratio of approximately 2. (Though the potential upside seems considerable, it's wise to consider 2 as a minimum expected ratio.) For this short trade, the stop loss can be determined by looking at the support trendline drawn in the hourly timeframe. As for the target, aiming for a price range of 350 to 360 could be a prudent strategy. In conclusion, the unfolding breakout in Canara Bank's stock presents an exciting scenario. Whether pursuing a longer-term target or considering short-term gains, the trendline dynamics in both the monthly and hourly timeframes offer intriguing opportunities for investors to consider."CLongby popularExpert6980310
12 years breakout. don't miss this golden opportunity.Descending channel breakout in canara bank. current price - 327 .Target - First target -420, Second Target -500, Third target - 550. StopLoss - 315. hold for at least 1-1.5 yearsCLongby The_Breakout2214
Canara bank looking strongCanara bank all RSI above 60 & relative strength is above zero and risingCLongby Vir77221
Parallel channel--wait for the correction and Buy above 340 --RSI near to over bought --strong buyersCLongby shrek14Updated 2
Canara Bank08/07/2023 Canara Bank CMP 333.70 If Closed above 340 Target : 412 Information is only for study purposeCLongby vikas011978Updated 5
Long position in canara before resultsCMP-339.50 Target 1-360 Target 2-365/370 Stop loss -332 Current banking sector showing good positive uptrend and likely to see also in canara and result on 25 jul will likely to be nearly or above of extected due to more lone distribution and low npa CLongby Eagle_eye_z1
canara bank. break out and retest donethe stock has broken out of consolidation and has also done the retest. RSI is trending and RSI MA is raising. Also the counter has seen an increase in volume. my view: buy above 340 with sl at 330. the target could be 359/371/396 I am not SEBI registered RA. This is my personal view and is not an invite to trade. please do your own due diligence before investing CLongby rrgiyer1
canbk - sell on riseSell > 334 upto 336 sl close above 336.15 easy tg - 329 tg2 - 325 Disclaimer : This is my personal analysis for study purpose not intended for trading.CShortby ShreeGanesh_1991Updated 113
Canra bank longWe have picked this script with our community members at 320 for the Target of 400. Safe traders can enter above 340.CLongby Tradezonemohit2
Canara Bank: Breakout on ChartsStock has formed a bullish candle on Weekly time frame as stock breaks from an ascending pattern. Levels to watch R1: 362 R2: 387.5 R3: 411 S1: 287.75 CLongby chandakpulkit223
Canara Bank - on the verge of a breakout...Canara Bank looks good with a strong bullish candle formation on the weekly chart. Positive momentum above 342, with strong support zone between 300-290 on the downside - below which 270 could be an important level. Note: Not a buy/sell recommendation.CLongby TheUnlearningOne222