manavtechresearch

CANBK ENTERING A BULLISH ZONE

Long
NSE:CANBK   CANARA BANK
SUMMARY:
*stock after posting good results has entered into a good trading range
*if you have a look at the week chart a move towards 280-290 is open
*range expansion is seen on weekly chart
*one can enter longs in the zone of 252-247
*its positional trade avoiding the volatility of budget expect canara bank to hit 287-290 in feb contract

CANBK FEB FUT
BUY@250-252
STOP@237(DEEP DUE TO VOLATILE EVENT AHEAD)
TARGET@267-276-288
*this view is my personal view trade with strict stoploss
*once view may differ from others so trade with solid mind
*once in profit and first target is achieved
*trail your trade to short price so it becomes no profit no loss trade
*do not overtrade
*for more index and stock updates check the link in the signature box below
*longs are active already check out the channel link
*early analysis through link channel
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Trade closed: target reached:
FIRST TARGET HIT
Trade closed: target reached:
SECOND TARGET HIT

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