CANARA BANK LONG TRADEGood to buy CANBK @306-310
Stop Loss : 290
Targets : 320/340/360/400max+++
CANBK is taking good support from the trendline. Good breakout of Bearish trend in longer Timeframe.
Thanks.
Disclaimer: This idea is only for the Educational purpose. Trade at your own risk.
If you like the idea kindly support.
Canara
Canara Bank Rally ContinuesNSE:CANBK has given a solid breakout and a stop loss at 365 can be followed. PSU banks are looking strong and hence, you should hold this one with discipline. PSU banks are leading the current rally. Canara Bank also gave a strong monthly chart breakout a few months back and now is back in strong momentum.
CANARA BANK -- TRENDLINE BREAKOUTCANARA BANK --DAILY CHART - TRENDLINE BREAKOUT .
1. Trendline breakout seen on daily chart as bank nifty seen bullish trend and can outperform in next few session
2. Stock will be good uptrend momentum from this level since RSI moving above 60 level
3. HULL moving avg seen bullish at current level
4. MACD bullish
BUY CANARA BANK @ 239
TARGET 260-280
STOP LOSS 190
** IDEA IS FOR EDUCATIONAL PURPOSE ..
HAPPY TRADING. !!
Canara Bank Monthly Chart Analysis 23.11.2021Canara Bank as per monthly chart pattern analysis from bearish inverted hammer candle today had turned into bullish gravestone doji and hopefully if the market is reversed after todays bull run then the stock from december onwards should move uptrend. Holding the stock and happy trading to all.
Canara bank is about to BREAK OUT soonThe latest retracement (ie from 3rd week of April'21 till 4th week of May'21) is very bullish. Right now it is in its long term support/resistance zone from early 2016. Above it there is another such possible resistance region which has relevance since 2019. It can consolidate between these regions and make a break out. Since there is positive news in market that they are about to raise 9000 Crores in FY22 , it might make this breakout sooner. Swing traders can aim 196-216 levels , according to the risk and reward appetite.
POSITIONAL LONG TRADE IN CANARA BANK !!(DEC FUT)!!POSITIONAL LONG TRADE IN CANARA BANK
VIEW:
-LIKE EARLIER CALLS WE WERE EXPECTING A PULLBACK TO BREAKOUT LEVELS
-WE NOW EXPECT BIGGER TARGETS
CHECK PREVIOUS IDEA
CHECK PREVIOUS IDEA
TRADEVIEW
DEC FUT/JAN FUT
BUY@225
STOP@215
TARGET 1@230
TARGET 2@240
LOT:2000
QTY:5
!!CANARA BANK ON THE WATCH!!TECHNO WATCH
CANARA BANK IS LOOKING GOOD FOR A POSITIONAL TRADE AS RSI HAS REVERSED FROM OVERSOLD ZONES WITH STRONG FORCE AND MACD IS ON THE VERGE OF A POSITIVE CROSSOVER
RESISTANCE IS NEAR 210-214 WERE ONCE TAKEN OUT WILL LEAD TO RE-ENTRY INTO THE CONSOLIDATION ZONE OF 213-293 SO GOOD POTENTIAL RETURNS AHEAD
!!WATCH OUT!!
!!FOR TRADE CALL!!
!!PLEASE NOTE TRADE WITH CAUTION AND AT YOUR OWN RISK PROFILE!!
!!PLEASE DON'T OVER TRADE!!
!!LIVE TO FIGHT ANOTHER DAY!!
!!HAPPY TRADING!!