raj3elite

Triangle Formation on CANBK

Long
raj3elite Updated   
NSE:CANBK   CANARA BANK
Triangle formation on canara bank. Normally, Triangle pattern break either side but here triangle already broken on bull side and lying on resistance level. If the price break the resistance level, then it may move upto 340.

Trade:
Buy above - 310
Target 1 - 325
Target 2 - 340
Stoploss - 295

Reward Points - 30
Risk Points - 15
R : R - 1 : 2


Note : Its positional recommendation, not for intraday.
Trade active
Trade active:
Canara Bank traveled half a way to reach target 1...
Trade active
Trade active:
Target 1 - 325 achieved....
Trade closed: target reached
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