CANARA BANK Is it aiming for a long term resistance zone @ 60?
Updated
CANARA BANK
Is this counter aiming for a long term resistance zone of 60? Watch this chart. If sustains 60 the level of 100+ should take it to 180+ but before all that it should immediately try to test the long-term resistance zone (which is the earlier support zone).
I will share the Bullish Harmonics plotted on the weekly chart (though it's Incomplete - a kind of preempting probability of risk-reward should always be in favor of traders)...
So, it is suggested to go on Cash...
Buy with a stop of a close below @ 25
Is this counter aiming for a long term resistance zone of 60? Watch this chart. If sustains 60 the level of 100+ should take it to 180+ but before all that it should immediately try to test the long-term resistance zone (which is the earlier support zone).
I will share the Bullish Harmonics plotted on the weekly chart (though it's Incomplete - a kind of preempting probability of risk-reward should always be in favor of traders)...
So, it is suggested to go on Cash...
Buy with a stop of a close below @ 25
Note
Scrip name wrongly interpreted as "Canara Bank" instead of "Punjab National Bank"...Is this counter aiming for a long term resistance zone of 60? Watch this chart. If sustains 60 the level of 100+ should take it to 180+ but before all that it should immediately try to test the long-term resistance zone (which is the earlier support zone ).
I will share the Bullish Harmonics plotted on the weekly chart (though it's Incomplete - a kind of preempting probability of risk-reward should always be in favor of traders)...
So, it is suggested to go on Cash...
Buy with a stop of a close below @ 25
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