vanathi

Canara bank - May 25 Day Trade!

NSE:CANBK   CANARA BANK
729 views
29
729 19
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.
May 24
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.
May 25
Trade active: Long
May 25
Comment: Stop reached in Long. Short triggered.
May 25
Comment: Moral : Technical Analysis wont work during expiry day!
Join me in telegram to learn & earn. I also post my trades there. https://t.me/Analysis4Newbie
Follow mw here to learn about system trading. https://neomechanicaltrader.home.blog/
As per your chart it has just made double bottom, there are high chances of crossing 356, 358. Hope for best
Reply
vanathi Trade-Wealth
@Trade-Wealth, I dont think so. How bank nifty is shooting up and canara just standing(or sitting)
Reply
@vanathi, Trading near 360. :)
Only today
Reply
vanathi Trade-Wealth
@Trade-Wealth, Yes :)
Reply
vanathi stocksinboxx
@stocksinboxx, Canara bank is at resistance. Thats why not moving up. above 358 - 360 will move fast.
Reply
@vanathi, that's the point i am trying make. once this resistance is cleared it will be a swift move :)
Reply
vanathi stocksinboxx
@stocksinboxx, I got it :)
Reply
@vanathi, to*
Reply
oops expiry today.....might go both ways :)
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out