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vinay_aravelli

Multi year breakout with Head&Shoulders pattern in CANARA BANK

CANARA BANK (NSE:CANBK)  
vinay_aravelli Updated   
NSE:CANBK   CANARA BANK
Chart Patterns Head and Shoulders Trend Lines multiyearbreakout invertedheadandshoulders head_and_shoulder
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chartpattern headandshoulders trendline multiyearbreakout invertedheadandshoulders head_and_shoulder
Looks like CANARA BANK is going to give multi year trendline breakout(2010-2017-2022). It also formed inverted head and shoulders pattern. Banks are also posting good results , if budget(01-02-2022) is positive we can see breakout soon.

Target according Head and shoulders length
Target1: 251
Target2:261

MACD : Positive
Trade closed: target reached:
Target 1 and Target2 completed
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