vanathi

Canara bank - Resistance breaker!

NSE:CANBK   CANARA BANK
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13
193 8
Canara bank             is breaking resistance one by one. Last week it has broken the first resistance at the level 329, second resistance at the level 340. The resistance at the level 340 is broken with high volume on friday april 28th. Does it looks like cup and handle formation? Check it and plan your trade.
Still on my learning curve up.. i have done my bit of analysis. Hope it helps to someone!!
I am only going to be 'IN' the trade if this goes as per my plan above otherwise will stay out for now.
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vanathi Richie.Chauhan
@baywaters, I didnt give any trading suggestion in this idea. Its always good to stick with your own trading plan.
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Seem to be right. Cup and holder formation
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vanathi RaghuveerMunipalli
@RaghuveerMunipalli, Will see how price action reacts.
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Daily RSI says it must have to fall down on monday... may be it will open in minus... but the trend is positive
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vanathi ashokakbari
@ashokakbari, I agree with your view.
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Even I saw this chart but did not notice the flag pattern. It seems that this will shoot up
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vanathi DINESH1961
@DINESH1961, I agree.
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