varadtambolkar

Canara Bank to continue its bull run

Long
varadtambolkar Updated   
NSE:CANBK   CANARA BANK
Falling Wedge Breakout, supported by superb volumes.
Clear RSI divergence at lower end of the falling wedge.

Falling is a good bullish patter.
RSI Divergence at lower end of pattern, increases the probability of pattern to work out.

If you accommodate more candles another wedge is developing and it is available at lower end of the pattern.
RSI Divergence shows that chances of breakdown are less.


Combined Reading of all factors shows a bullish move is on the cards.
Trade closed: target reached:
Book part Qty here 33% move done
Trail rest with ctc SL 152

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