Possible One more Corrective Structure before Drop Long

NSE:CANBK120

CANARA BANKNSE

Description

⋅ Aug 4, 2017 6:14 AM

I am looking this stock will rise again as corrective before heading for major reversal
Lets see how it unfolds
Regards

Trade active

⋅ Aug 4, 2017 9:31 AM

Price moving as per trend line , lets see how it unfolds
Regards

Trend Analysis

Comments

JamesPeter

⋅ Aug 4, 2017 7:38 PM

I am expecting to go down in level of 340

shiv2798

⋅ Aug 5, 2017 7:08 AM

@JamesPeter, Yes sir it may visit but current look is rising
Let's see how it unfolds
Regards

shiv2798

⋅ Aug 7, 2017 5:06 AM

@JamesPeter, Sir it has started moving the correction channel

JamesPeter

⋅ Aug 7, 2017 5:07 AM

@shiv2798, what it means then

shiv2798

⋅ Aug 7, 2017 5:08 AM

@JamesPeter, it will likely go up ward before heading down , the correction is always in the opposite direction of the trend , its named as counter trend also
Regards

JamesPeter

⋅ Aug 7, 2017 6:34 AM

@shiv2798, but it can break upward channel also ,what's your take on that

shiv2798

⋅ Aug 7, 2017 6:37 AM

@JamesPeter, ha ha , i got no problem where it heads , i am always in trade ,
:)