vanathi

Canara bank - May 25 Day Trade!

NSE:CANBK   CANARA BANK
720 19 29
I have found symmetrical triangle formation in canarabank. Lately I have found triangles are fascinating. In few minutes of market opening triangles will give us clue about which direction price action will break. Buy above 357 with the stoploss of 355. Targets are 360, 364 and 366. Sell below 353 with the stoploss of 356. Targets are 350, 347 and 344. Intraday calls depend on the market opening. Analyse and follow your trading plan always. New traders enter trade after watching price action for 15 to 30 mins. This trade is valid for May 25, 2017 only.
Comment: Its expiry day, many traders wont trade. But dear traders, dont stop analysing the market and giving my posts like :) Traders who dont trade please write comments.
Trade active: Long
Comment: Stop reached in Long. Short triggered.
Comment: Moral : Technical Analysis wont work during expiry day!
As per your chart it has just made double bottom, there are high chances of crossing 356, 358. Hope for best
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vanathi mdhaamu
@mdhaamu, I dont think so. How bank nifty is shooting up and canara just standing(or sitting)
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mdhaamu vanathi
@vanathi, Trading near 360. :)
Only today
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vanathi mdhaamu
@mdhaamu, Yes :)
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vanathi stocksinboxx
@stocksinboxx, Canara bank is at resistance. Thats why not moving up. above 358 - 360 will move fast.
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@vanathi, that's the point i am trying make. once this resistance is cleared it will be a swift move :)
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vanathi stocksinboxx
@stocksinboxx, I got it :)
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@vanathi, to*
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oops expiry today.....might go both ways :)
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