vanathi

Canara bank

vanathi Mod Updated   
NSE:CANBK   CANARA BANK
Price is consolidating in the form of an ascending triangle. As per the pattern, the price have to give upside break out. But we will plan for fall also, so that we wont be surprised by the price movement.
Q3 result was good with 26.8 % net profit. Daily time frame shows price is taking trend line support.
Buy above 470 with the stop loss of 465 for the targets 475, 480, 485 and 490.
Sell below 458 with the stop loss of 463 for the targets 453, 448 and 442.

Hit the like button to Rock !! Show some energy !!

Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Trade active:
Long
Comment:
T2 done.

Roles I play here : Author, Analyst & Moderator.

Free Telegram Channel. t.me/Analysis4Newbie
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.