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VijayBabuA

CANBK BOX pattern

Long
CANARA BANK (NSE:CANBK)  
VijayBabuA  
NSE:CANBK   CANARA BANK
Trend Analysis Rectangle box-breakout
3
2
trendanalysis rectangle box-breakout
it has tightly consolidated between 140-160 for the last 4 months.
RSI showing bullish strength on weekly chart.
higher volume across candles indicates good accumulation during consolidation phase.
160 acts as strong resistance, tested multiple times.
on daily chart shows cup & handle pattern.
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