Canara Bank: Chart set up and trading view for 14 April 2020
Canara Bank
- Canara Bank trading at lower end of the channel
- Level of 85.50 - 86 needs to protected for further upside movement continuation
- holding the same the stock may again attempt for 93 / 95.50 / 102 / 107
- Stop loss if Canara Bank closes below 83.50 on a hourly candle basis
Alternatively one may consider the following F&O strategy for Canara Bank
Consider selling Canara Bank 30 April 2020 Expiry Put Option
Strike Price : 80
Price : 5.5
Lot size : 2600
Max profit potential in strategy Rs 14300/- per lot
Time frame: Till 30 April 2020
The strategy also has in built loss protection for a fall in price up to 74.50 in Equity market til 30 April 2020.
For more trading ideas & strategies - Follow us
Feel free to write in the comment section below and Hit the Like button
Take care & safe trading...!!!
- Canara Bank trading at lower end of the channel
- Level of 85.50 - 86 needs to protected for further upside movement continuation
- holding the same the stock may again attempt for 93 / 95.50 / 102 / 107
- Stop loss if Canara Bank closes below 83.50 on a hourly candle basis
Alternatively one may consider the following F&O strategy for Canara Bank
Consider selling Canara Bank 30 April 2020 Expiry Put Option
Strike Price : 80
Price : 5.5
Lot size : 2600
Max profit potential in strategy Rs 14300/- per lot
Time frame: Till 30 April 2020
The strategy also has in built loss protection for a fall in price up to 74.50 in Equity market til 30 April 2020.
For more trading ideas & strategies - Follow us
Feel free to write in the comment section below and Hit the Like button
Take care & safe trading...!!!
Note
canara bank gave an entry opportunity around 89 (lopen 88.9 low of 88.70) has made a high of 91.95 so far.cmp 91
partial profit booking is recommended at current levels & trail stop loss at 89.50 for balance to ensure profitability in trade
Happy trading...!!!
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