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be_you_akshay
Jun 3, 2021 12:00 PM

CANARA BANK Long

NSE:CANBK1D
CANARA BANKNSE

Description

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Breakout candle from the channel made.
Stock in Fibonacci final retracement zone.

Target 1 - 175
Target 2 - 190

Keep Stop loss 149
within 1 month.

Stock analysis is only for education purpose.
Don't trade without stop loss.

Please comment if any suggestions.

Trade closed: stop reached

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Trend AnalysisTrend LinesFibonaccicanarabank
Comments
sathyac93
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Sir i am holding 170ce sep 30. Should i sell or hold?
be_you_akshay
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@sathyac93, looking at current situation canara bank can go till 150-152,

Not confident for this trade
sathyac93
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By any chance it will reach 165 within 30th sep
be_you_akshay
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@sathyac93, difficult..
aprasad725
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Sir I have 170 ce Jun expiry, holding at loss, should I continue holding?
be_you_akshay
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@aprasad725, I expect few trading days in consolidation phase, with 164-165 rs resistance. if its broken 175 rs seen easily this month. Wait and keep your stop loss of 159 rs.

Thanks for your response
aprasad725
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@apshah06,

Ok sir will keep that in mind. Thank you
aprasad725
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@apshah06,

Sir, what are your views now? Can we expect to hit target by next Thursday or should I sell?
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