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Swing Long - CANBK - target 239

Long
NSE:CANBK   CANARA BANK
On MTF price took support from .786 fib level & MACD divergence appeared. On WkTF, MACD divergence also followed and MACD crossover also found on DTF. Highest delivery % found near VWAP 225.34, where the closing price was 221.75. On 17. 01 .2020 CMP was at 221.6 which is attractive price for the accumulation and continuous bullish volumes also validating the same.Entry near 215 and SL near 203.

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