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VijayBabuA
Sep 5, 2021 4:13 PM

CANBK BOX pattern  Long

CANARA BANKNSE

Description

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.
Comments
Aksyy
how much time it will consume to be there?
VijayBabuA
@Aksyy,
Not sure about it but expecting swift move upto 200, and a breakout before end of Oct-21.
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