chinmaypatnaik

Canara Bank: Turnaround Potential

Long
NSE:CANBK   CANARA BANK
Retesting after cup and handle breakout in canara bank . RECOMMEND Strong Buy for SHORT-TERM target of 196. Sl:150. Horizon: 15 days, all Oscillators are positive.

CANBK Important Levels to watch:

RESISTANCE:171.49
RESISTANCE:168.06
RESISTANCE:165.94

SUPPORT:157.78
SUPPORT:155.66
SUPPORT:153.54

Comments

Agree with the target ofc but how are you expecting it in such a short timeframe??
Reply
@aprasad725, chart is of short tf but target has been set on weekly basis.
Reply
aprasad725 chinmaypattanaik4
@chinmaypattanaik4, would you think going for call option would make sense then? Considering the breakout that's on by expiry?
Reply
@aprasad725, 👌👌👌why not...
Reply
aprasad725 chinmaypattanaik4
@chinmaypattanaik4, boss, not looking so good. Hope you are still bullish about your target. Counting on your call (ofc not that you have any liability).
Reply
chinmaypatnaik aprasad725
@aprasad725, success follows you like a shadow if you always wear a crown of patience.
+1 Reply
aprasad725 chinmaypatnaik
@chinmaypatnaik, still holding 170 ce after averaging down, what do you think can I keep holding? Expiry is on 24th.
Reply
chinmaypatnaik aprasad725
@aprasad725, Can bank is Retesting now. Good to hold for medium term.
Reply
aprasad725 chinmaypatnaik
@chinmaypatnaik, what about the option position? Are you saying target as per this post won't happen?
Reply
aprasad725 chinmaypatnaik
@chinmaypatnaik, please advise if target is still on before expiry, or if I should cut my losses
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter