AbhishekHSinghCMT

Canara Bank-Pull back in 309-10 zone post Trendline Break

Short
AbhishekHSinghCMT Updated   
NSE:CANBK   CANARA BANK
3
Looking for Gap to be filled & retrace in (iv)th -wave.

These counts can go wrong, so kindly use your basic analysis as well to confirm.

There is a trendline which will be one of the clues to go short with stop above 318.85.

Post breaking the trendline -sometimes it goes & touches the trendline but this time trendline will form a resistance for prices-that could be another opportunity of going short -if you see prices are getting resistance of that trendline.

Critical High-318.85 to be intact & we want to see a pull back first in the zone 309-310 & then a rally upside taking out high of 318.85.

Regards,
Abhishek H. Singh, CMT
Trade active: 12:15 Hrs 29th Sep2016

Trading at 314.10

Started Falling
Trade active: 12:25 Hrs 29th Sep2016

Canara Bank Melting.In record time -made alow@311.40 -- on fire
Trade active: 12:26 Hrs 29th Sep2016

Makes new low 310.65. Guys Book & Close Short - got almost 5 Rs from top 316 to 310.65

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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