Canara Bank has been in a strong uptrend since 3 Mar 2025, forming a clear 5-wave impulse.
Wave 1 peaked on 3 Apr 2025, followed by a simple correction in Wave 2.
Wave 3 peaked on 9 Jun 2025 and extended to a little over 2x the length of Wave 1.
Wave 4 was a zigzag correction, in line with the principle of alternation.
Wave V most likely peaked today (24 Sep 2025) at about 50% of the total length of Wave 1–3.
Internal counts align well, with sub-wave (v) of Wave 5 ending at 61.8% of sub-waves (i)–(iii).
Recommendation : Wave V looks complete. Best to exit positions or use a strict trailing stop-loss.
Trade closed: stop reached
Stock went in for a 5th wave extension. Stop loss triggered at 125.Trade closed. 
ChartTheWave |
t.me/chartthewave
This channel is a common forum for "Elliott Wave Principle" enthusiasts, learners and practitioners. We aim to build a team of traders who practice EWP for common benefit; co-learn, teach, share, validate and benefit.
t.me/chartthewave
This channel is a common forum for "Elliott Wave Principle" enthusiasts, learners and practitioners. We aim to build a team of traders who practice EWP for common benefit; co-learn, teach, share, validate and benefit.
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.
ChartTheWave |
t.me/chartthewave
This channel is a common forum for "Elliott Wave Principle" enthusiasts, learners and practitioners. We aim to build a team of traders who practice EWP for common benefit; co-learn, teach, share, validate and benefit.
t.me/chartthewave
This channel is a common forum for "Elliott Wave Principle" enthusiasts, learners and practitioners. We aim to build a team of traders who practice EWP for common benefit; co-learn, teach, share, validate and benefit.
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.