vanathi

Canara bank - April 5 day trade!

NSE:CANBK   CANARA BANK
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13
272 10
Canara bank             is moving sideways. Sideways market indicates price is consolidating before giving a
strong movement.
Buy - Above 303 Stoploss - 301 Target 1 - 305 Target 2 - 306.8 Target 3 - 308.5
Sell - Below 301 Stoploss - 303 Target 1 - 299 Target 2 - 296.1 Target 3 - 294.5
Intraday calls depend on the market opening. Analyse and follow your trading plan always. This trade is valid for 5th April 2017 only.
Trade active: @ 304.5
Comment: Break out
Trade closed: target reached: Price moved beyond the targets. One good trade!
Just I saw the price. Well done vanati. Very good call
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vanathi nalinakshi
@nalinakshi, Because of you encouragement only I posted intraday call which happens to be my trade :)
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Canara bank analysis level is good.but here question is trader willing to take trade because rr is not favourable.first tgt very near. My first choice wait and watch today
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vanathi rajiv1000
@rajiv1000, Trading is individual's responsibility. Its good you decided to wait and watch.
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dravya rajiv1000
@rajiv1000, true.
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On the verge of breaking out on daily TF

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should open above 305 and achieve all targets till target 3 of 308.5 which will be around 1 % profit.
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dravya dravya
@dravya, as expected , all profit targets done !
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You are using Feb level ??
Reply
vanathi shiv2798
@shiv2798, No, just support resistance levels.
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